THE globe

TORONTO–Canadians who bank with a credit union score better on key financial health metrics than those who don't, according to a new poll conducted by the Canadian Credit Union Association (CCUA).

BRUSSELS, Belgium—The European Union has struck an agreement to beef up provisions to tackle money laundering in the bloc, including in cryptocurrency.

NEW YORK—The competition for remittances keeps getting tougher.

HONG KONG—Months after completing phase 1 of its central bank digital currency (CBDC) pilot, Hong Kong is set to begin the second phase of experiments before a commercial rollout in 2025.

LIMA, Peru—The USAID/WOCCU Economic Inclusion Project (EIP) is reporting it joined local partners to host a Global Money Week event featuring 25 financial institutions, public and private entities and NGOs that provided trainings, presentations and workshops to promote financial education and raise awareness about the importance of savings for local and migrant entrepreneurs.

ST. GEORGE, Grenada–A credit union in this small country is reporting it was knocked offline as the result of a cyberattack. It reported no funds were lost.

LONDON—The U.K. government said it will publish a National Payments Vision in 2024 as part of a broader effort to accelerate the development of the local payments ecosystem.

MADISON, Wis.—The World Council of Credit Unions (WOCCU) is reminding the deadline to early bird registration for its 2024 World Credit Union Conference is approaching.

DUBLIN, Ireland–Legislation has been introduced in this country that would allow credit unions to offer a national mortgage rate, which would make CUs an even more attractive alternative to banks, according to the legislation’s sponsor.

NEW YORK—In what’s being described as one of the first uses of a virtual currency by financial institutions in a commercial product, three companies that provide cross-border payment services plan to use technology developed by startup Ripple that employs cryptocurrency XRP to speed transactions.