Anti-Financial Crime & Financial Crime Compliance
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Analysis, Banking, Tech

Authorities warned that big techs may carry dangers as their financial capabilities grow; money laundering also a potential risk

By Dan Byrne for AMLi

Financial regulators and Central Banks have been warned that they need to up their game to match the growing prominence of big tech firms and the financial avenues they can open to consumers.

A new report from the Financial Stability Institute, in conjunction with the central bank umbrella group the Bank of International Settlements, had said that big tech influence on finance is generally minor right now, that could change quickly.

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