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Keynote address - G20 TechSprint Finale

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics, growth, investment and productivity, labour markets and jobs, technology, ai and cyber risk

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· Shaktikanta Das Wiki · Reserve Bank of India WikiKeynote address - G20 TechSprint Finale

ContextKeynote address by Shaktikanta Das, Governor of the Reserve Bank of India, at the G20 TechSprint Finale, organised by the Reserve Bank of India and the Bank for International Settlements, Mumbai, 4 September 2023.

Why it mattersDas presents G20 tools to make sanctions screening and anti-money-laundering cheaper.

Problems raised
  1. Illicit finance and sanctions screening are costly.
  2. Financial innovation needs global collaboration.
  3. Regulatory compliance is complex.
Solutions proposed
  1. Run G20 TechSprint to develop AML/CFT tools.
  2. Integrate solutions into multilateral platforms.
  3. Use technology to make screening more efficient.
Read full speech on bis.org ↗

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