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Diem Networks US Partners with K2 Integrity to Build Industry-Leading Financial Crime Compliance Framework
Summary: K2 Integrity today announced its engagement with Diem Networks US to support, initially lead, and continue to build innovative solutions for the Diem Networks US Financial Intelligence Function (FIF). The FIF is designed to protect the Diem Payment Network (DPN) from illicit financial activity. Diem Networks US has built a blockchain-based payment system ...
K2 Integrity today announced its engagement with Diem Networks US to support, initially lead, and continue to build innovative solutions for the Diem Networks US Financial Intelligence Function (FIF). The FIF is designed to protect the Diem Payment Network (DPN) from illicit financial activity.
Diem Networks US has built a blockchain-based payment system designed to make payments cheaper and faster, while protecting consumers and the integrity of the financial system. It is poised to reshape the payments landscape by bringing the benefits of blockchain technology to consumers, including those who are underserved by the current banking system, and businesses around the world.
"Designing a framework that sets high financial crime compliance standards has been one of the Diem project's top priorities, and this is an area where we are continuing to innovate," said Stuart Levey, Chief Executive Officer of Diem Networks US. "We are excited by this opportunity to partner with K2 Integrity, a team that has a wealth of experience in this space and is respected internationally for their leadership on anti-money laundering and counter-terrorist financing (AML/CFT) issues."
By Amy Liu
Tags: Blockchain,Diem Networks US,K2 Integrity,payment
Link: Diem Networks US Partners with K2 Integrity to Build Industry-Leading Financial Crime Compliance Framework [Copy]