Fintech as a Weapon in the Fight Against Money Laundering and Terrorist Financing
2024
Soleša, Dimitrije | Stojković, Predrag | Živkucina, Slobodan | Vladisavljević, Radovan
Financial technology (fintech) is revolutionizing the ways in which transactions are carried out, services provided and data managed, but it is also crucial in the fight against money laundering (AML) and the financing of terrorism (CFT). This paper provides an overview of modern fintech tools and techniques used to prevent illegal activities. It looks at how fintech platforms use advanced technologies such as artificial intelligence (AI) and real-time data analytics to identify, assess and control risk. It also highlights how automated systems and stricter regulatory frameworks help detect suspicious transactions, reducing the scope for abuse in the global financial system. The aim of the work is to highlight the key role of the fintech sector in strengthening the global fight against financial crime.
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Bibliographic information
Publisher FIMEK; Educational and Business Center for Development of Human Resources, Management and Sustainable Development, Novi Sad (Serbia)
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