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AML / KYC
US, UK to Jointly Promote Privacy-Enhancing Tech for AML
By Editors | 15/06/2022
The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.
AML / KYC
Russia Launches Blockchain-Based Alternative to SWIFT
By Editors | 14/06/2022
Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.
AML / KYC
FATF Re-rates UK for Progress on Correspondent Banking
By Editors | 14/06/2022
The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.
Crypto / Digital Assets
Australia: New Govt to Push Ahead with BNPL, Crypto Regulation
By Editors | 14/06/2022
The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.
Fintech / Regtech
RBI to Allow Credit Cards to Link to UPI System
By Editors | 14/06/2022
Allowing credit cards to link with the UPI will provide consumers more payment options and greater convenience, the RBI said.
Crypto / Digital Assets
Bangladesh Bank to Assess Feasibility of Introducing CBDC
By Editors | 14/06/2022
A CBDC is needed to facilitate the growth of digital transactions and encourage startups and e-commerce businesses, the finance minister said.
AML / KYC
Japan, Singapore to Explore Mutual Recognition of Digital Identity
By Editors | 14/06/2022
Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.
Crypto / Digital Assets
Regulating the Metaverse: A “Metacode” of Conduct
By Kanv Pandit | 14/06/2022
Kanv Pandit highlights the need for a ‘metacode of conduct’ to protect metaverse users from loss and fraud until regulation catches up.
ESG / Sustainability
UK, Japan Formalise Arrangements on Regulatory Cooperation
By Editors | 13/06/2022
UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.
AML / KYC
FATF Issues Report on Digital Tools for Law Enforcement
By Editors | 12/06/2022
The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.
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