Financial Technology and the Law : Combating Financial Crime / edited by Doron Goldbarsht, Louis de Koker.

Format:

Book

Contributor:

Goldbarsht, Doron, editor.

De Koker, Louis, editor.

Series:

Law, Governance and Technology Series, 2352-1910 ; 47

Language:

English

Subjects (All):

Information technology--Law and legislation.

Information technology.

Mass media--Law and legislation.

Mass media.

White collar crimes.

Financial engineering.

IT Law, Media Law, Intellectual Property.

White Collar Crime.

Financial Technology and Innovation.

Local Subjects:

IT Law, Media Law, Intellectual Property.

White Collar Crime.

Financial Technology and Innovation.

Physical Description:

1 online resource (316 pages)

Edition:

1st ed. 2022.

Place of Publication:

Cham : Springer International Publishing : Imprint: Springer, 2022.

Summary:

Blockchains and cryptocurrencies, open banking, virtual assets, and artificial intelligence have become the buzzword of this decade. This book focuses on these ‘disruptive’ financial technologies that provide alternatives to the traditional financial services typically offered by regulated financial institutions. Financial technologies are characterized by the innovative ways in which they initiate, support or extend traditional financial services or offer alternative financial pathways and products. However, these financial technologies also pose money laundering and terrorist and proliferation financing as well as cyber security risks that require mitigation. This edited volume addresses a range of regulatory and enforcement challenges related to financial technology and financial crime. The book responds to the United Nations’ Sustainable Development Goals, in particular in relation to economic development, employment, national security, law enforcement and social well-being. Fostering responsible financial innovation promotes long-term economic growth, inclusion, and improved living standards. This book explores how to promote financial innovation while mitigating risks in a way that ensures financial prosperity and social inclusion.

Contents:

Introduction

Overview of financial technology and financial crime (Doron Goldbarsht and Louis de Koker)

Part I Managing Both Sides of Risk

Informal markets and cryptocurrencies (Niko Passas)

Cryptocurrencies Transactions in the UK Real Estate Market: Threat or Opportunity for Anti-Money Laundering? (Ilaria Zavoli)

Unpacking the Complexity of Open Banking in Australia: Competition and Money Laundering, Benefits and Costs (Doron Goldbarsht and Baskaran Balasingham)

Open Banking- An effective weapon in the arsenal to fight financial crimes? (Suman Podder)

Part II Policy Challenges

FATF, shell banks and virtual asset providers: Rising to the regulatory jurisdictional challenge (Louis de Koker)

Regulating Virtual Assets for Anti-Money Laundering and Counter-Terrorism Financing (Liat Shetret)

Regulating Cryptocurrencies – Against Anonymity and for Full Disclosure of Identity (Hadar Jabotinsky)

Illicit transactions and transnational regulatory regimes in online gambling industry (Slobodan Tomic)

Part III Regulatory Compliance

Exchange of information between the private sector and law enforcement agencies (Nicholas Ryder)

Serious and Organised Investment Fraud – The move towards AI Enabled Cyber Fraud (Alana Maurushat and Dan Halpin)

Legal Compliance & DLT: Shifting technological structures for AML & CFT? (Dianna L. Kyles)

Blockchain regulation and distributed order of financial and technological networks (Alfio Puglisi)

Conclusions

Toward the future! (Doron Goldbarsht and Louis de Koker).

Other Format:

Print version: Goldbarsht, Doron Financial Technology and the Law

ISBN:

3-030-88036-2