Currently, the AML / CFT sphere is actively developing and many highly skilled specialists are involved in it. However, there are many crimes in this area: criminals use more and more complicated ways of legalizing criminal proceeds, which are almost impossible for anticipation and prevention at the exact period. In the fight against ML/FT regulatory technologies come to the rescue.
Regulatory technologies are a necessary part of effective AML / CFT systems. The article includes a brief overview and history of the emergence of "regulating technologies", reflects the main directions of development of the regtech on the world market of information technologies at present and possible prospects for development in the nearest future. In addition, the article reveals the benefits of applying regulatory technologies in order to improve control, security, cost reduction and time to eliminate vulnerabilities in existing AML / CFT systems.
The article describes how the development of regtech innovations can improve the accessibility and quality of financial services for individuals, companies and communities and achieve the FATF goals of combating money laundering, terrorist financing and other threats to the integrity of the international financial system.
Keywords: AML / CFT, FATF, AML / CFT systems, legalization, RegTech technologies.