K2 Integrity and Diem Networks US Partner to Build Financial Crime Compliance Framework

K2 Integrity recently announced its partnership with Diem Networks US for industry-leading financial crime compliance framework to support, initially lead, and continue to build innovative solutions for the Diem Networks US Financial Intelligence Function (FIF).

As detailed in the official announcement, 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. 

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"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."