Snippings

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She was discreet and sent the text from a voice over internet protocol, or VoIP, so it couldn’t be traced.

From: The Extortion Plot Against AMC’s CEO Adam Aron.

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It’s time to have phones that give consumers to reject all texts that come without a verifiable digita signature.

 

 

 

CEO thought he was texting to an old flame https://buff.ly/40gjMLs

 

 

It’s time for mobile phones to give the customers the option to automatically reject all text messages that do not have a verifiable digital signature and for mobile operators to implement digital signing or become liable for criminal behaviour that involves number spoofing.  

 

 

“Law enforcement found at least five forms of fake ID in her home, including two Arizona driver’s licenses, one New York City ID card, one California driver’s license, and the badge of a Mount Sinai doctor.” 

 

 

Identity is SNAFU everywhere in the universe, surely we can do better in the metaverse? 

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Residents can download the CA DMV Wallet app on their smartphone and follow the instructions to scan their driver’s license, or ID. The mobile driver’s license program is in a pilot phase, limiting participation to 1.5 million people, according to the California Department of Motor Vehicles.

Several airports, including Los Angeles International Airport, accept mobile licenses as a form of identification. But users should still carry their physical driver’s license — law enforcement, state government agencies and businesses are not yet accepting the mobile licenses.

From: Californians can carry driver’s license on phone in pilot program – Los Angeles Times.

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Last year, the typical homebuyer with a mortgage spent a little over $4,000, or 1% of the average sale price, on closing costs like the appraisal, title insurance, and recording fees, said ClosingCorp, a provider of real-estate closing-cost data. Taxes, which are usually paid by the seller, added another $3,200.

From: Homebuying Process Is Broken; an ‘Amazon of Real Estate’ Could Fix It.

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Selective disclosure in eIDAS 2 is based on the ISO mDL and W3C VC PID (Person Identification Data) formats, as specified in the RAF for EUDI Wallet Type 1 configurations. Type 2 configurations can use multi-message signature schemes and proofs for arithmetic circuits.

From: eIDAS update sets up harmonized remote ID verification, privacy protection | Biometric Update.

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X CEO Linda Yaccarino confirmed in a blog post yesterday that while X has already secured money-transmitter licenses “in several states,” X is “moving toward launching a global payment system.”

From: Elon Musk wants your “entire financial life” on X by 2024 | Ars Technica.

I’m talking about, like, you won’t need a bank account.”

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The technologies that are loosely grouped under the broad heading of ‘tokenisation’ – cryptography, distributed ledger, atomic settlement, blockchain, fractionalisation and programmability – enable new ways of representing money that allow for greater automation of the transfer of money and the deeper integration of that transfer – the payment – into other processes.

From: Money and payments: a ‘black ships’ moment? – speech by Jon Cunliffe | Bank of England.

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In addition to FATF’s work here, there are a range of other frictions arising from the regulation of banks and non-banks, and a second public-private taskforce is focused on identifying actions to address these.footnote [13]

A more granular recommendation, which takes into account new data standards and technology, will enable more consistent implementation across jurisdictions and enhance both the efficiency and the effectiveness of AML/CFT checks.

From: Money and payments: a ‘black ships’ moment? – speech by Jon Cunliffe | Bank of England.

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Third, we should facilitate and promote interlinking of fast payment systems. There are a range of technological solutions available or in prospect.footnote [11] But the governance and oversight of interlinking arrangements can be a greater challenge than the technology. CPMI is working on a report to the G20 next year on these governance and oversight issues that could serve as a useful reference for payment system owners and overseers, and it published an interim report for comment last week.footnote [12]

From: Money and payments: a ‘black ships’ moment? – speech by Jon Cunliffe | Bank of England.

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How it differs from the UK. The UK required the banks to fund an independent standards body and provide a standard for payment initiation

From: Fintech 🧠 Food – 1033: Open Banking Endgame.

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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network

31 CFR Chapter X, Part 1010

RIN 1506-AB64

Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern