AI Issue 6 2018

Acquisition International - Issue 6 2018 43 Specialist Skillsets Providing Unique Results mentions what changes he has seen in the sector which the company has benefitted from. “Perhaps in 2016, one could launch an ICO without disclosing who the founders were, especially as the crypto community accepted the explanation of ‘privacy’ blindly as a legitimate reason for those establishing a new tokenised business to not disclose themselves. However, in 2016/17 we saw too many ‘pump-and-dump’ scams and the ethos has completely swung away from privacy of the founders to absolute transparency. This has meant that individuals running ICO’s are far more concerned with the legal implications of their actions and founders understand that mistakes around AML/CFT carry enormous personal risk and unverified source of funds leads to significant money laundering risks, terrorist financing risks and other potentially criminal activities, punishable by a significant custodial sentence.” Ultimately, capitalising on its achievements, SolutionsHub will continue to lead from the front by working with previously unseen models and protecting all involved with world-first solutions.