FATF President says new technologies a ‘game-changer’ to tackling money laundering

Video copyright: FATF
Financial Action Task Force (FATF) President Dr. Marcus Pleyer urged the public and private sectors to work together by using new technologies to make efforts to combat money laundering and terrorist financing more efficient and effective.
Speaking to the Conference on Digital Transformation in Berlin on Saturday, Dr. Pleyer said digital transformation could be a “game-changer”.
More than 100 experts in financial crime, data protection, and technology gathered to discuss the potential benefits and challenges of digital transformation in the fight against money laundering and terrorist financing.
The conference marked the completion of four projects under the FATF’s German Presidency, which has extensively considered the potential impact of new technologies on anti-money laundering (AML) and counter-terrorist financing systems.