THE globe

BRUSSELS, Belgium—Officials at the European Commission, the European Union's executive branch, have made public draft legislation that would seek to apply the FATF's so-called “travel rule” for crypto assets.

QUITO, Ecuador—In an effort to boost its “dual priorities of financial inclusion and education” in Ecuador, the Economic Inclusion Project, financed by the United States Agency for International Development (USAID) and executed by World Council of Credit Unions (WOCCU), has signed a cooperation agreement with the Superintendency of Popular and Solidarity Economy (SEPS) to benefit vulnerable people in Quito and Guayaquil.

MADISON, Wis.—The World Council of Credit Unions (WOCCU) closed out its first-ever virtual World Credit Union Conference with a celebration of its 50^th anniversary.

MADISON–Representatives of credit unions on three different continents shared case studies on how to successfully implement digital transformation.

MADISON, Wis.—Artificial intelligence is forever and irrevocably disrupting financial services, and  credit unions will never be the same because of it, according to one person.

MADISON, Wis.— A dozen young credit union professionals from seven different countries have received a scholarship that includes an all-expense paid trip to Glasgow, Scotland for the 2022 World Credit Union Conference.

LONDON—International payments fintech Wise has debuted on the London Stock Exchange at a valuation of £8.75 billion, the largest listing in history for a U.K. tech company.

LONDON—Retail banks in the U.K. have been issued a warning by the Financial Conduct Authority (FCA) over continuing weaknesses and failings surrounding their financial crime controls.

LYON, France—The world’s largest police organization is warning that a marked rise in the number of ransomware attacks is coming.

MADISON, Wis.–A diverse panel of leaders have shared their thoughts on what the credit union community has to do to ensure women take their rightful place in the leadership ranks.