Block-Chain Technology – An Aid in the Prevention of Financial Crimes with Special Reference to Anti-Money Laundering (AML)& Know Your Customer (KYC)

The block chain technologies are receiving increased attention in the financial service Industry for a number of reasons. This article outlines as to how this technology could help prevent occurrence of national& cross border financial crime & its wide application. This technology is likely to deliver immense value when deployed by the Industry in their business processes to combat financial crimes.