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LATEST: IMF, World Bank working on tokenising finanacial instruments; looking at encoding tokens to tackle money laundering

AML FIGHT: Tokenisation opens up the possibility of "encoding policy and regulatory requirements" into a "common protocol" for tackling problems money laundering said spokesperson Cecilia Skingsley (pictured).

By AML Intelligence Correspondent THREE of the world’s cornerstone institutions – the International Monetary Fund (IMF), the World Bank and Bank for International Settlements – are to work together for the first time to “tokenise” financial instruments. The move also opened up the possibility of encoding tokens with regulatory requirements to tackle money laundering, they…

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