Fintech is enabling crime
Geoff White The Economist
“Cutting-edge financial technology is fast becoming the handmaiden of organised crime”, and the situation will only get worse unless governments and the tech industry can “find common ground,” says Geoff White. While digitisation means financial transactions are increasingly logged, computer hackers have long experience in making “stolen funds vanish”, assisted by crypto, which offers “near-anonymous” payments and largely escapes the eye of regulators. The problem is that the same three things that crooks want –
