Tangle Treasury Introduces New Measures Against Money Laundering and Terrorist Financing

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Improvements in Tangle Treasury
  2. Appointment of Nicole O'Brien
  3. Additional Security Measures and Innovations


    4. The IOTA and Shimmer communities received an important update from Tangle Treasury aimed at enhancing data and financial security.

    Improvements in Tangle Treasury

    To mitigate risks associated with fund allocations, Tangle Treasury unveiled a new counter-terrorist financing (CTF) and anti-money laundering (AML) policy. These improved screening features will enhance operational efficiency and protect community investments.

    Appointment of Nicole O'Brien

    To oversee all processes, Tangle Treasury appointed Nicole O'Brien as the CTF/AML officer. O'Brien will ensure adherence to best practices, enhance internal protocols, and provide staff training.

    Additional Security Measures and Innovations

    Besides the CTF and AML policy, Tangle DAO has implemented additional protective measures such as rigorous background checks and enhanced know-your-customer (KYC) procedures for all proponents and grant recipients. Innovations include improved data security, bookkeeping, and the introduction of standard operating procedures for finance administration and grant management.

    These advancements, along with enhanced data security and standard operating procedures, will boost Tangle Treasury’s efficiency and professionalism. Further updates, including a call for new proposals, are expected in the coming weeks.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

Optimism Releases Maintenance Update v250 for Opreth

Optimism has released Opreth version 250, a maintenance update that removes legacy commands and includes important security patches.

user avatarKofi Adjeman

Optimism Releases Maintenance Update for Rust-based Faultproof Stack

Optimism has announced a substantial maintenance release for its Rust-based faultproof stack, known as Kona host v180, which was published on October 1. This update is recommended for all chains and focuses on ensuring that two pieces of verification software derive the same answers from the same chain data.

user avatarRajesh Kumar

Polymath and CineCity Studios Launch Tokenized Film Investment Initiative

Polymath and CineCity Studios announced a collaboration to explore a tokenized film investment platform aimed at connecting independent film productions with investors through regulated digital securities.

user avatarSatoshi Nakamura

WISeKey's New Ticker WQEY Set to Begin Trading

WISeKey's ordinary shares will start trading under the new ticker WQEY on October 5, reflecting the company's new corporate structure following the merger.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.