Remove AML Remove Distributed Ledger Technology (DLT) Remove Money Laundering
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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

These projects leveraged distributed ledger technology (DLT) to settle trades more quickly and securely, using delivery-versus-payment (DvP) mechanisms that reduce counterparty risk. However, this has sparked criticism that these systems strip users of financial autonomy and introduce unnecessary friction.

CBDC 88
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The Blockchain Companies Poised To Transform Capital Markets Infrastructure

CB Insights

This approach relies on layers of middlemen, contributing to inefficiencies and even creating opportunities for foul play like money laundering and corruption. Interested in learning more about Blockdata and DLT? Fill in your details here to get more information. First name. Company Name. Phone number.

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The Corporates Betting On Blockchain To Reshape Capital Markets Infrastructure

CB Insights

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees.

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Bitcoin Daily: Caymans Introduce Digital Asset Regulatory Framework; Reserve Bank Of Australia To Test CBDC; Huobi Expands Support For Visa And Mastercard

PYMNTS

31, focuses on anti-money laundering (AML) practices and countering financing terrorism (CFT). The ministry’s AML and CFT policies incorporate the suggested policies set by the Financial Action Task Force (FATF) and will be monitored by the Caribbean Financial Action Task Force (CFATF).

CBDC 64
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Joint Statement: EU-UK Financial Regulatory Forum, May 2024

Neopay

The discussion focused around 6 main areas, namely: (i) regulatory and market developments and financial stability outlook, (ii) banking and anti-money laundering (AML), (iii) sustainable finance (iv) capital markets (v) asset management, and (vi) digital finance and artificial intelligence (AI).

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Central Bank Digital Currencies (CBDCs) in 2024

Clearly Payments

The BoC has engaged in several initiatives, including Project Jasper, which examines how distributed ledger technology (DLT) could be integrated into the country’s payment systems. Reduction of Fraud and Illicit Activities: CBDCs, being digital and traceable, could help reduce fraud and money laundering.

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Bitcoin Daily: FINMA Grants Licenses To Two New Blockchain Firms; ShortHop Crypto Exchange Launches In Seven New States

PYMNTS

They will be required to follow the new anti-money laundering (AML) requirements that FINMA revealed this week. The memorandum of understanding was signed with Digital Asset and VMware , enabling the three to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand.