7-days of FREE Audio papers, translation & more with Prime
7-days of FREE Prime access
7-days of FREE Audio papers, translation & more with Prime
7-days of FREE Prime access
https://doi.org/10.56397/le.2024.09.07
Copy DOIJournal: Law and Economy | Publication Date: Sep 1, 2024 |
This paper aims to explore the application of information technology in the implementation of anti-money laundering (AML) measures within cross-border payment systems, analyzing how it enhances the compliance of financial institutions and strengthens the effectiveness of financial regulation. By examining the use of information technologies such as big data analytics, artificial intelligence, and blockchain in the field of AML, this paper reveals how these technologies assist financial institutions in more effectively identifying and preventing money laundering activities. Additionally, the paper discusses the challenges that may be encountered in the implementation of these technologies, such as data privacy protection, technical compatibility, and security issues, and proposes corresponding countermeasures and suggestions. The research findings indicate that, despite challenges, the application of information technology is of great significance for improving the AML compliance and regulatory efficiency of cross-border payment systems, providing new perspectives and solutions for financial regulatory authorities and institutions.
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.