Financial technologies, the ways in which they can be abused by criminals, and the responses by regulators, industry and law enforcement are changing fast. This is a dynamic area. It is, furthermore, important to bear in mind that we are witnessing the early stages of the development and implementation of key technologies and the pace of change and disruption is therefore set to increase. What are the key developments that are important emerging areas for future research in financial crime? We identified the following overlapping and mutually reinforcing trends that we believe are important for researcher engagement: stablecoins and central bank digital currency (CBDCs); expanding identification programs; FATF’s virtual asset service provider (VASP) framework; structural changes in the financial landscape; technologies supporting supervision and compliance; and from open banking to open finance.
|Title of host publication||Financial technology and the law|
|Subtitle of host publication||combating financial crime|
|Editors||Doron Goldbarsht, Louis de Koker|
|Publisher||Springer, Springer Nature|
|Publication status||Accepted/In press - Dec 2021|
|Name||Law, Government and Technology Series|