The Financial Action Task Force (FATF) has published a report on how new technologies can improve the speed, quality and efficiency of anti-money laundering and counter financing of terrorism (AML/CFT) efforts.

The task force says technologies can help financial institutions and supervisors assess AML/CFT risks in ways that are more accurate, timely and comprehensive.

When implemented using a responsible and risk-based approach, the FATF believes new technologies and innovative products and services can also improve financial inclusion, bringing more people into the regulated financial system and thereby reinforcing the effectiveness of AML/CFT measures.

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