Tag: tackles

ACE Trade Tackles Cryptocurrency Cash Laundering With KPMG, KGI Financial institution and CYBAVO

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TAIPEI, September 2, 2021 / PRNewswire / – As nations around the world try to take control of cryptocurrencies to prevent financial crime, ACE exchange, a leading cryptocurrency exchange based in Taiwan, has proactively implemented numerous measures to meet the relevant requirements and to contribute to the fight against money laundering, Taiwan Regulators to create a safe and transparent cryptocurrency environment.

David Pan, founder of ACE Exchange, says security is a top priority for the company

To achieve this, ACE Exchange has partnered with KPMG, KGI Bank, CYBAVO and Lockton to provide AML and other financial crime protection on its platform and to provide a secure crypto trading platform for all users.

In recent years, crypto assets have grown in importance, especially among young investors. The exponential increase in popularity has also raised concerns about the inherent risks of unregulated transactions between cryptocurrency holders. To prevent cryptocurrencies from becoming a money laundering channel, authorities have tightened regulations for the industry, including the New Taiwan Cryptocurrency rules issued on July 1 which cryptocurrency exchanges require to verify and evaluate user identities.

“ACE Exchange has worked with KPMG to take relevant anti-money laundering and terrorist financing practices by rigorously verifying user information and identities prior to the introduction of the new Taiwanese AML regulations for cryptocurrencies Taiwan Criminal and investigative agencies to help set up comprehensive anti-money laundering mechanisms in the crypto room, “said David pan, Founder of ACE Exchange.

Security is a top priority at ACE Exchange

ACE Exchange offers double protection for the new Taiwan dollar and crypto assets. In 2020 the company founded the “FIA Fund Trust Custody” together with the KGI Bank. ACE Exchange is operated by the world-renowned blockchain security company CYBAVO and is equipped with a state-of-the-art security system for digital assets and a third-party digital wallet for users.

The story goes on

ACE Exchange’s partnership with S&P AA-rated international insurance company Lockton gives users all-round protection.

Since its inception, ACE Exchange has prioritized security and user protection, which in partnership with the world’s leading law firms, accounting firms and financial institutions has laid a solid foundation for regulatory compliance regarding AML and KYL.

In early 2018, ACE Exchange received guidance from KPMG on setting up transaction procedures and ensuring compliance with anti-money laundering and terrorist financing (CTF) regulations.

In 2021, Rex Chu, Risk Consultant and Executive Vice President of Forensic Accounting Services at KPMG Taiwan, assisted ACE Exchange in planning product development and operations in accordance with the relevant Taiwan Laws and regulations to meet the standards of high profile financial banks. It has put ACE Exchange at the forefront of the crypto industry in building and strengthening its risk management protocols and user protection mechanisms.

Via ACE Exchange

Founded in 2018 by David pan, former COO of KPMG Innovation and Startups, ACE Exchange is one of the largest cryptocurrency platforms with first-class digital security measures in Taiwan. It currently ranks second in Taiwan in terms of trading volume in Bitcoin, Ethereum and StableCoins. The brand has set itself the goal of building the most professional fiat-to-crypto exchange and providing a channel for easy access to cryptocurrencies for all Taiwanese people.

Cision

Cision

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SOURCE ACE exchange

Wauseon faculty board tackles cash and naming points | Native Information

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WAUSEON – Issues related to spending money and naming facilities arose at the Education Committee for Exempt Schools meeting in Wauseon on Monday.

With the school being financially precautionary, Superintendent Troy Armstrong was reluctant to attend the Ohio School Board Association’s capital city conference.

“Do we want to go as the board of directors in view of the financial position in which we find ourselves with the fiscal provisions,” asked Armstrong. “Shouldn’t we save about $ 2,500? Shall we go for a day? “

The board of directors interfered with their ideas.

“I don’t know if I feel comfortable spending that much money, given the circumstances,” said Sandy Griggs.

On the subject of money, Treasurer David Fleming raised a few things in his report to the Board of Directors. First of all, he informed the board that an income tax levy would be voted on this fall.

The board of directors passed a resolution on the 2% income tax allocation.

Fleming also announced to the board that the district’s 2014 bond is in the process of being repaid.

“The broker made offers to 61 banks this morning,” Fleming said. “This will save taxpayers an estimated $ 100,000 a year in taxes.”

At a previous meeting, members of the community spoke about the possibility of adding former coach Larry Fruth to the name of the football field and the stadium. However, before the process could begin, the district needed guidelines for such items.

The board agreed on a guideline and hopes to be able to set up a committee to serve for the July or August meetings.

The board also heard from Jenny Tester, the district grocery manager. She explained to the board how the district used grants to pay for meals for the students.

• Approved donations of $ 7,950 to the pantry; $ 184.35 for NWOAL Championships; $ 957.38 for track / soccer scoreboard graphics and $ 250 for homecoming.

• accepted the resignations of Jaz Bluhm, Christina Bergman, Olivia Selgo and Rhonda Borton.

• accepted the resignation of Brenda Aeschliman.

• Approved the revision of LaChelle Thomas’ title from Technology Secretary to Technology Assistant.

• Approved the move of Kyle Borton from fourth grade teacher to assistant director of technology.

• Approved the transfer of Bridget Benedict from Middle School Intervention Specialist to Elementary School Intervention Specialist.

• Approved April Jackson’s transfer from teaching assistant to secretarial assistant.

• Approved the transfer of Trudy Vasvery from three-hour cook to teacher.

• offered contracts to Sydney Nardo, Karin McGilvey, Kimberly Meridieth, Caleb Wyse, Rachel Nagy, Dawn Ankney and Veronica Canales.

• offered Melody Burress a fixed-term contract as a full-time bus driver.

• Nancy Badenhop approved as a sweeper effective June 30th.

• Approved Mike Colon (cross country skiing), Ray Martinez (soccer) and Sam Smith (soccer) as volunteer coaches.

• Set breakfast price to $ 2 and lunch to $ 3.15 for K-12 students for the 2021-22 school year.

• Approved $ 30 Chromebook 1: 1 Insurance Payment for the 2021/22 school year.

• Approved workbook fee set at $ 35 for the 2021-22 school year.

• Approved a motion to enter into an inter-county joint service agreement in all other Fulton County’s school districts to transport students to educational institutions, extracurricular activities and events.