Currently, Diem’s Financial Intelligence Function is working with a team in Diem Network U.S. that is in charge of compliance controls. The network is thus moving to K2 Integrity to take up this role. The preeminent risk monitoring firm will lead, support, and build solutions for Diem’s FIF, in a bid to initialize stronger financial crime compliance than the existing one.
According to the CEO of Facebook-backed Diem Network U.S., Stuart Lavery, setting high financial crime compliance standards was one of the firm’s top priorities. Lavery expressed his excitement about the opportunity to fulfill this goal with Diem’s FIF-K2 Integrity project. He precisely appreciated the wealth of experience that K2 Integrity has in financial crime compliance.
Mariano Federici, the managing director at K2 Integrity, is especially an expert in financial intelligence. Federici has significantly contributed to the development of anti-money laundering and counter-terrorism financing (AML/CFT) regulations. He is a leader in Egmont Group, the agency responsible for facilitating cooperation and intelligence sharing between national financial intelligence units.
Federici will be the initial lead of the Diem’s FIF-K2 Integrity project. He will be reporting to Sterling Daines, the chief compliance officer of Diem Payment Network (DPN).
https://mycryptoparadise.com/2021/08/12/facebook-backed-diem-partners-with-k2-integrity-to-build-financial-crime-compliance-controls/