Trade Honestly! Blockchain Mechanism for Trade-Based Anti-Money Laundering

Abstract

In recent years the supervision focus of global financial regulators has proved that banks need to control anti money in money laundering As the bank is still the center of all financial transactions so far it is also the main intermediary of cross-border remittance transactions in addition to providing funds for economic activities Therefore it places high expectations and strict money laundering control requirements on banks The main purpose of this study is to create a new financial technology supervision technology - " Blockchain Mechanism for Trade-Based Anti-Money Laundering system platform" which includes all parties involved from the importer to the exporter before the completion of the transaction and all parties need to certify the consistency of the same transaction content; in addition when the platform rules or data are to be modified it is necessary to pass the majority of participants The consensus is that it can effectively prevent major criminals from using financial institutions and other channels to launder money so as to fight against the money laundering of cross-border illegal capital flows improve traditional risk management technology and mitigate the risk of Internet information security threats

Date of Award	2020
Original language	English
Supervisor	Sheng-Tun Li (Supervisor)