T. Raja Kumar, the current president of the Financial Action Task Force, speaks about the growing regulatory challenges posed by advances in fintech, the need for increased scrutiny of virtual asset flows, and the body’s work on asset recovery and beneficial ownership.
A: Of the many challenges that states are facing, the pace of technological advancement in the financial sector has to be one of the biggest. Advances in technology have brought about many opportunities and benefits, including faster, cheaper and more secure payments, and a rise in financial inclusion around the world.
