THE globe

CU News From Around the Planet

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has launched a Global Investigations Division (GID), which will be responsible for implementing targeted investigation strategies rooted in FinCEN’s unique authorities under the Bank Secrecy Act (BSA) to combat illicit finance threats and related crimes, both domestically and internationally.

MADISON, Wis.—The World Council of Credit Unions (WOCCU) is reporting a pilot program is allowing hundreds of Venezuelan refugees living in Colombia to access savings and loans for the first time since fleeing a series of political crises in their home country.

TOKYO—The regtech committees of the fintech associations of Hong Kong, Singapore and Japan have jointly launchedthe “APAC RegTech Network,”  an initiative to enhance cross-border collaboration on regtech education and implementation across the Asia Pacific region.

MANDEVILLE, Manchester —Manchester Co-operative Credit Union (MCCU) here has awarded grants to 29 students totaling $1.9 million to assist them with their secondary and tertiary level education

SYDNEY, Australia–More than 90,000 Australian bank/credit union customers/members have had their financial details and other personal data exposed after PayID was breached via Credit Union Australia, in the second major attack on the payment management system in recent months.

GENEVA, Switzerland—Ninety-eight percent of the world’s top 100 financial technology startups are vulnerable to web and mobile application attacks, despite being well-funded, according to new research.

OTTOWA, Canada—Canada’s federal government has launched a cybersecurity certification program for small and mid-sized businesses in hopes of increasing the attention SMBs pay to cybersecurity as well as increasing the confidence of online shoppers who buy from Canadian sites.