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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
中南财经政法大学教授,计算机科学与技术专业工学博士,复旦大学理论...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任快钱支付清算信息有限...
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Nekti Upgrades Its Digital ID Service to Assist Crypto Ventures Adhere to FATF’s New Rules


https://bitcoinexchangeguide.com/nekti-upgrades-its-digital-id-service-to-assist-crypto-ventures-adhere-to-fatfs-new-rules/

 

On Monday, Netki announced it has completed upgrading its digital ID services in order to assist crypto-based companies to adhere to the stringent global rules and guidelines set to combat money laundering.

According to CoinDesk, the Transact ID has been upgraded to include two fresh features like the capability to break down certificates of an individual’s identity into lesser pieces of personally identifiable information (PII). The other feature is the capability for both senders as well as receivers of funds to ask PII from one another.

Netki CEO, Justin Newton, explained that prior to the upgrade there was a single big atomic transaction where information was shared on each other on both ends. He added that with the new features, the new protocol will be much more of a conversation and each side will be able to ask and share personal pieces of identification with one other.

The new features comes after Financial Action Task Force (FATF) released new guidelines in June that require virtual asset service providers (VASPs) that comprise of crypto exchanges, to share information on their clients with each other during the transfer of money in order to make sure the law enforcement agencies can have an information trail.

Although FATF guidelines are not binding, about 37 members of the outfit are anticipating enforcing them through legislation in the next 12 months.

Even before the implementation of the FATF’s standards, some countries are already taking measures to crack down on fraud and financing of illegal activities using cryptos. For instance, U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) recently said that the travel rule now applies to crypto exchanges like other financial institutions.

While Transact ID was developed for use in the US, the recommendations by the FATF to apply the travel rule even on cryptocurrencies, means that Netki had to go back to the drawing board and come up with a product which can be customized to fit to a country’s interpretation of the standards.