Blockchain to ‘radically’ transform anti-fraud, anti-money-laundering efforts

Blockchain could be the answer to increasingly tough anti-money laundering (AML) statutes and enterprise fraud management (EFM) requirements looming for the financial services industry.

In a report released this week by Forrester Research, blockchain’s distributed ledger technology – because it is both secure and immutable – is ideal for meeting new government requirements and serving as a trusted repository for identification purposes.

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