The document discusses how blockchain technology can be used to detect and prevent money laundering through a distributed ledger system with smart contracts and algorithms. A blockchain-based solution would allow financial institutions and regulators to collaboratively monitor transactions across the network in real-time, flagging suspicious activity. The tamper-proof nature of blockchain ledgers could provide immutable records for compliance assessments now and in the future. The document advocates a phased approach for organizations to explore blockchain technology for anti-money laundering through prototypes and partnerships.