E75: What Elon Musk needs to know about AML and compliance

Elon Musk, owner of 'X' (or Twitter), has announced plans to turn the social media platform into an app that is the centre of 'someone's entire financial life'. But while Musk may be one of the original founders of PayPal, there is a lot which needs to be worked out from a compliance perspective when turning a social media site into a financial tool capable of replacing the banking system. In the latest episode of The Laundry – our expert host, Marit Rødevand , is joined by Jason Mikula , Publisher of Fintech Business Weekly to discuss what Elon Musk needs to know about AML and compliance. The pair discuss: how Musk envisions Twitter's move into financial services, the compliance hurdles needed to be jumped to get there, and how easy it is to move from posting to paying. Produc