Financial Technology and the Law: Combating Financial Crime

This book explores how financial technologies such as blockchain, cryptocurrencies, open banking, virtual assets, and artificial intelligence are providing alternatives to traditional financial services. It also highlights the risks associated with these technologies, such as money laundering, terrorist financing, and cyber security, and discusses the regulatory and enforcement challenges related to them. The book aims to promote responsible financial innovation while ensuring financial prosperity and social inclusion.

Format: Hardback
Length: 320 pages
Publication date: 05 February 2022
Publisher: Springer Nature Switzerland AG

Blockchains, cryptocurrencies, open banking, virtual assets, and artificial intelligence have emerged as the defining trends of this decade. This comprehensive book delves into these disruptive financial technologies, offering alternative solutions to the traditional financial services typically provided by regulated financial institutions. Financial technologies are distinguished by their innovative approaches to initiating, supporting, or extending traditional financial services, as well as providing alternative financial pathways and products. While these technologies bring about significant advancements, they also introduce risks such as money laundering, terrorist and proliferation financing, and cybersecurity threats that necessitate mitigation measures.

This edited volume addresses a diverse range of regulatory and enforcement challenges associated with financial technology and financial crime. It responds to the United Nations Sustainable Development Goals, particularly in terms of economic development, employment, national security, law enforcement, and social well-being. By fostering responsible financial innovation, we can promote long-term economic growth, inclusivity, and improved living standards.

This book explores the strategies and approaches necessary to promote financial innovation while effectively mitigating risks, ensuring financial prosperity and social inclusion. It examines the role of regulations, policies, and technological advancements in shaping the future of financial services, while also highlighting the importance of ethical considerations and consumer protection.

The chapters in this book are contributed by experts from various fields, including finance, law, technology, and policy. They provide insights into the latest developments, challenges, and opportunities in the world of financial technology, offering valuable perspectives and practical solutions for policymakers, industry professionals, and researchers alike.

In conclusion, this book serves as a valuable resource for anyone interested in understanding the transformative power of financial technology and its potential to shape the future of finance. By exploring the intersection of innovation, regulation, and social responsibility, it provides a roadmap for promoting responsible financial innovation and achieving a more inclusive and sustainable financial system.

Weight: 658g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030880354
Edition number: 1st ed. 2022