A New Frontier: Anti-Money Laundering Software in the Metaverse
Given that money laundering is human-generated - and the Metaverse is a human creation, full of (virtual) humans - it's perhaps no surprise that this is the next big challenge for AML compliance globally. One recent study found that 17 million Ethereum transactions between Q4 2017 and Q1 2022 were associated with both criminal and licit operations. Last year, cyber money laundering activities increased by a third and there are now billions in cryptocurrencies being laundered every year. Part of...
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