AUSTRAC is building a blockchain for anti money laundering reports

By on
AUSTRAC is building a blockchain for anti money laundering reports

Smart contracts promise speed, efficiency gains.

Australia's financial intelligence agency AUSTRAC is building a proof of concept that would automate some anti money laundering and 'know your customer' reports on the blockchain. The agency is looking into so-called 'smart contracts' for international funds transfer instructions ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:
austrac blockchain financeit software

Most Read Articles

The CIO movements that made headlines in 2018

The CIO movements that made headlines in 2018
Atlassian admits it did Kubernetes 'the hard way'

Atlassian admits it did Kubernetes 'the hard way'
Defence finally reveals new providers for mammoth IT support deal

Defence finally reveals new providers for mammoth IT support deal
NBN Co makes move to sell more 100Mbps-plus services

NBN Co makes move to sell more 100Mbps-plus services
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Automate and secure IOT for Business
Automate and secure IOT for Business
Data Science and AI Solutions for Cybersecurity
Data Science and AI Solutions for Cybersecurity
Intro to AI for Security Professionals
Intro to AI for Security Professionals
Digital Transformation: Hope, or Hype?
Digital Transformation: Hope, or Hype?
How to choose a trusted IT provider
How to choose a trusted IT provider

Events

Log In

Username / Email:
Password:
  |  Forgot your password?