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ACAMS: Fighting Financial Crime in the Metaverse

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ACAMS: Fighting Financial Crime in the Metaverse

Source: news.google.com

One of the overarching themes of the recent ACAMS conference was how to prevent Web 3.0 and the Metaverse from becoming a safe haven for financial scams and illicit actors.

LAS VEGAS — As lawmakers continue to debate how to regulate digital assets and fight the new forms of financial crime made possible by the current version of the Internet, many technology and financial crime experts are concerned that the next iteration of the Internet: Web 3.0 and the Metaverse can be an even more welcoming playground for criminal activity.

“Technological advances are a great thing, but the Metaverse combined with Web 3.0 allows people to be more anonymous than ever,” says Jim Lee, Chief of Criminal Investigations for the Internal Revenue Service…

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