How 'Permissioned' Blockchains are Combating Money Laundering (Part 1: Speed & Security)
Not so long ago, cryptocurrency and blockchain were viewed suspiciously as the province of criminal enterprises and the individuals who laundered their money. Today, this burgeoning technology is transforming anti-money laundering compliance and enforcement. And Chris Everdell (Counsel, Cohen & Gresser LLP) was out in front of the issue before most.
In Part 1 of this Expert Insight, Chris introduces and unpacks "permissioned" blockchains, identifying two advantages that these innovations produce in the anti-money laundering space.
How 'Permissioned' Blockchains are Combatting Money Laundering Index:
Part 1: Speed & Security
Part 2: KYC, Unwinding Transactions & SAR Reporting
Interested in more on this topic? Watch the full AltaClaro Webcast, Trends in Anti-Money Laundering Enforcement, featuring Chris and Cohen & Gresser Partner Job Abernethy.
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DISCLAIMER: Because of the generality of this material, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.