Director of the Monetary Authority of Singapore: will combat financial crime by improving the ability to track encrypted transactions

According to Bitcoinist, Loo Siew Yee, Director of the Singapore Monetary Authority (MAS), said at the International Law-Agriculture Association's annual Asia-Pacific meeting that MAS is conducting active technical experiments to access new data points (such as public blockchains and other sources). Expanded view in the transaction information). These data will provide useful early warning indicators for traditional sources of information such as statutory returns and suspicious transaction reports. He said that improving the ability to monitor crypto asset transactions is part of MAS' efforts to strengthen national anti-money laundering (AML) policies.