Fraud Detection and Prevention: Leveraging Blockchain in Anti-Financial Crime

Priyanshi Garg | Last updated: 02 September 2023

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Blockchain technology is revolutionising the fight against financial crime by offering enhanced security, transparency, and efficiency. Its core features of immutability and decentralisation make it ideal for tracking transactions and preventing fraud. By improving processes like Know Your Customer (KYC) and Anti-Money Laundering (AML), and enabling real-time data sharing, blockchain empowers financial institutions to build a more secure and trustworthy financial ecosystem.

Financial crimes, such as fraud and money laundering, are a major problem that can have a significant impact on the global economy. In recent years, there has been a growing interest in using blockchain technology to combat financial crimes. Blockchain is a distributed ledger technology that can

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About the Author

Priyanshi Garg

Student

As a qualified Company Secretary, I bring hands-on experience in corporate governance, regulatory compliance, and end-to-end transaction support across both private and listed company frameworks. Over the course of my professional journey, I have been actively involved in private placements, rights issues, bonus issue ... Read more

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