Search Results for "compliance framework"
Ripple Swell 2020: Clear Regulations and CBDC Will Drive Cryptocurrency Adoption Forward
Financial leaders virtually discussed the regulatory framework for crypto assets and how crypto adoption could be driven forward.
The Cayman Islands Creates Regulatory Framework to Attract Virtual Asset Business
The Ministry of Financial Services of the Cayman Islands announced that it is building regulatory frameworks for individuals and entities that offer digital assets in business.
Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations
The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers in the country.
BIS Economist Proposes "Embedded Supervision" to Enhance Transparency of Tokenized Markets
Economist Raphael Auer of the Bank for International Settlements (BIS) has championed distributed ledger technology (DLT) as a way of supervising financial market risks.
CipherTrace Unveils New Compliance Software For Banks Against Illicit Crypto Transactions
CipherTrace launches Armada to fix the blind spot in cryptocurrency compliance
US Department of Justice Releases Cryptocurrency Enforcement Framework
The US Department of Justice (DOJ) has released a cryptocurrency enforcement framework, which offers a comprehensive overview of the emerging threats in the crypto space.
Renault Deploys Blockchain for Vehicle Compliance Certification from Design to Production
Renault, a leading French automobile manufacturer, has established the XCEED blockchain system to ensure compliance of all car parts from design to production.
FATF Assessment Finds Majority of US Exchanges are Compliant with Virtual Asset Guidance
The Financial Action Task Force (FATF) has published an assessment of the US’s compliance with its revised criteria for anti-money laundering (AML) and terrorist financing (CTF) through virtual assets and found that most virtual asset providers are compliant.
Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill
Crypto businesses may be offered a regulated path to legalization in the state of Louisiana. The proposed bill has been backed by Louisiana state representative Mark Weight. Should the bill be passed, the state would have a regulated crypto framework to operate within and would provide an official definition of traditionally ambiguous cryptocurrency-related terms.
Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record
The Libra Association appointed Sterling Daines as its new Chief Compliance Officer, who is currently the Managing Director and Global Head of Financial Crime Compliance at Credit Suisse. He is expected to leave his position at Credit Suisse and join the Libra Association later this year. Prior to Credit Suisse, he was the Managing Director and Deputy Head of Financial Crime Compliance at Goldman Sachs and has worked as a consultant to the US Department of Justice and the Financial Crimes Enforcement Network (FinCEN).
Visa Launches a Blockchain System that Algorithmically Ensures Fairness
Visa, a prominent card payment solution provider, has developed a blockchain-driven system dubbed LucidiTEE that seeks to enable multiple parties to compute large-scale private data jointly. This is touted to happen in such a way that policy compliance is guaranteed even if the input providers are offline.
International Chamber of Commerce to Deploy Blockchain-Powered App for Tamper-Proof COVID-19 Compliance Status
International Chamber of Commerce (ICC) has inked a partnership with International SOS, the globe’s biggest medical and travel security services firm, to establish a new blockchain-enabled mobile app dubbed ICC AOKpass. It will be instrumental in providing trusted and immutable recognition of persons’ COVID-19 compliance status.
