Anti-Financial Crime & Financial Crime Compliance
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NEWS: UK digital pound would not be ‘anonymous’, could be used to track money laundering 

A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo

By Suban Abdulla

BRITISH officials could use a digital currency to track suspected money laundering transactions, the nation’s central bank has said.

However, the Bank of England (BoE) has said no decision will be made for at least a couple of years on actually proceeding with the project, pushing back the timeline for the initiative.

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