The fintech sector, predictably, is adamant the industry will be able to offer the solutions to many of these problems. But as Lisa Osofsky, a global regulatory and financial crime compliance consultant at Exiger, explained to me, the challenge remains one of trade-offs. More compliance by and large comes along with additional cost and inconvenience to customers. That in turn puts a heavy burden on those in financial services responsible for policing transactions, especially when they don’t consider themselves police officers.

https://www.ft.com/content/2f75f220-07e4-11e7-97d1-5e720a26771b