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Topic: [2019-07-18] Coinfirm is building the first Libra tool designed to AML (Read 132 times)

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London-based Coinfirm has dedicated one employee to work on libra full-time, with part-time support from two others. So far, the small team has experienced difficulty implementing their existing security algorithms to scan the ledger. Since transactions aren’t settled in batches, or blocks, like a traditional blockchain, but occur in closer to real time, Coinfirm is having to work out a new investigation process from scratch. “We need to do different analytics,” says Kuskowski, who previously worked as the head of global anti-money-laundering for the Royal Bank of Scotland. “We need to define the data points. They will be different.”

Full article: https://www.forbes.com/sites/michaeldelcastillo/2019/07/18/facebook-libra-app-development-already-exploding-despite-lawmakers-concerns/#22e4cd56776c
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