Diem Networks US partners with K2 Integrity

Friday 13 August 2021 11:54 CET | News

US-based risk management company K2 Integrity has announced its engagement to support, initially lead, and continue to build 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 and works in close collaboration with DPN participants who also are required to maintain strong financial crime compliance controls.     

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 blockchain technology to consumers, including those who are underserved by the current banking system, and businesses around the world. Diem's FIF raises the bar for financial crime risk management.

The Diem FIF will provide expertise in detecting and preventing financial crime on the DPN, working with both DPN participants and government authorities to deter misuse of the platform for illicit purposes. 

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Keywords: Diem, Diem Association, risk management, fraud management, compliance
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime