Risks And Opportunities For Systems Using Blockchain And Smart Contracts
The report describes some of the technical risks and opportunities in the application of blockchain technologies within government and industry, and how to assess whether blockchain-based systems will meet critical requirements. The project explores this primarily through the description and analysis of high-level design alternatives for illustrative âuse casesâ. Three use cases have been selected after a number of initial workshops and preliminary research: remittance payments, open data registries, and agricultural supply chain. These provide reasonable coverage of various kinds of requirements and regulatory concerns, against which we can evaluate design alternatives, and in turn learn more general lessons about blockchain technologies. In addition to this design-based analysis, we also report on some empirical results from testing prototype implementations.
Is RegTech the new FinTech? How agile regulatory technology is helping firms better understand and manage their risks
This article is based on research and interviews we undertook with RegTech companies and seeks to explore how firms can benefit from regulatory technology and how they can leverage regulatory focused data to better understand and manage their compliance risks.
Virtual Currencies Key Definitions and Potential AML/CFT Risks
The FATF conducted research into the characteristics of virtual currencies to make a preliminary assessment of the ML/TF risk associated with this payment method. An important step in assessing the risks and developing an appropriate response, is to have a clear understanding of the various types of virtual currencies and how they are controlled and used. This report establishes a conceptual framework of key definitions, which could form the basis for further policy development.
Recommendations to prevent virtual currencies from being used for fraudulent purposes and money laundering
The group produced an overview of the risks and threats associated with virtual currencies, and drew up a set of recommendations with an eye to lessening their impact. Since the virtual currency sector is growing by leaps and bounds, it is worth pointing out that the recommendations are based on an analysis of the situation as of June 2014
