Skip to content

Commit

Permalink
Final edits /4
Browse files Browse the repository at this point in the history
  • Loading branch information
Enegnei authored Sep 3, 2022
1 parent 2517d12 commit 3e0b948
Showing 1 changed file with 1 addition and 1 deletion.
2 changes: 1 addition & 1 deletion _posts/newsletter/2022-08-01-August_2022.md
Original file line number Diff line number Diff line change
Expand Up @@ -365,7 +365,7 @@ They also state there will be a 12-month grace period before the amendments take
The [**Financial Action Task Force**](https://twitter.com/FATFNews/status/1537757335816491010) (FATF) recently published [a report](https://www.fatf-gafi.org/media/fatf/documents/Stocktake-Datapooling-Collaborative-Analytics.pdf) on "[commercially available or emerging technologies that facilitate advanced AML/CFT analytics within regulated entities or collaborative analytics between financial institutions, while respecting data privacy and protection](https://www.fatf-gafi.org/publications/digitaltransformation/documents/data-pooling-collaborative-analytics-data-protection.html?hf=10&b=0&s=desc(fatf_releasedate))." These "technologies" include: homomorphic enryption, zero-knowledge proofs, secure multiparty computation (SMPC), differential privacy, machine learning (supervised, unsupervised and reinforced learning), federated learning, deep learning, natural language processing, robotic process automation, network analytics, trusted execution environments (confidential computing), secure cloud technology, distributed ledger technology, and... application programming interfaces (APIs), which they define as "an interface that allows regulated institutions to submit data."
{: style="text-align: justify;"}

:warning: Proceed with caution in reading this report any further if you have an ounce of technical literacy. Symptoms that may arise include: excessive laughter, facepalming, and disbelief in the authority of unelected bureaucrats.
:warning: Proceed with caution in reading this report [any further](https://twitter.com/J9Roem/status/1562214910804754432) if you have an ounce of technical literacy. Symptoms that may arise include: excessive laughter, facepalming, and disbelief in the authority of unelected bureaucrats.
{: .notice--warning}

They explain that the term "data pooling" (a buzzword with [multiple](https://www.lawinsider.com/dictionary/data-pooling) [definitions](https://english.stackexchange.com/questions/44643/meaning-of-data-pooling)) is "not an entirely new topic to the FATF," and in the context of financial surveillance pertains to financial institutions sharing customer information, information related to red flags and transaction data, in order to "examine aggregated activity of an actor across different borders and platforms."
Expand Down

0 comments on commit 3e0b948

Please sign in to comment.