Setting codes of conduct and best AML/KYC practices for the virtual assets, Malcolm Wright, Global Digital Finance

Jamil catches up with Malcolm Wright for this interesting and topical conversation. Malcolm Wright is Chief Compliance Officer at 100x Group. He was previously Chief Compliance Officer for Diginex in Hong Kong, and prior to that Revolut in London. In his earlier career, Malcolm held senior several leadership roles within Thomson Reuters’ (now Refinitiv) anti-financial crime business, including overseeing the delivery of World-Check One, a leading risk intelligence platform to mitigate financial crime and sanctions risk. He also sat on the leadership team that brought the world’s first KYC Managed Service to market. Malcolm speaks internationally on a variety of topics in particular the FATF Recommendations for Virtual Asset Service Providers (VASPs). He also sits on international committees including chairing the Advisory Council and AML Working Group at Global Digital Finance (www.gdf.io), an industry-led initiative in setting codes of conduct and best practices for the virtual asset industry . In this respect, Malcolm has led industry and regulator conversations regarding FATF Recommendations for VASPs as well as developing an industry AML Code of Conduct. Most recently, Malcolm co-founded and co-led the Joint Working Group for interVASP Messaging Standards (intervasp.org) that developed the widely-adopted IVMS101 message data standard for FATF 'travel rule' compliance. Malcolm is an Associate Fellow of the Royal United Services Institute’s Centre for Financial Crime Studies in London (rusi.org).

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