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FV Bank Partners with the Institute for Financial Integrity

In a significant step toward reinforcing financial crime compliance globally, FV Bank has announced a new enterprise-wide training initiative in collaboration with the Institute for Financial Integrity (IFI). This initiative aims to enhance the bank's compliance culture and risk management practices across its extensive operations.

As a leading regulated digital bank, FV Bank serves as a bridge between traditional finance and digital assets. Luis González, the Chief Compliance Officer at FV Bank, emphasized the importance of compliance and transparency, stating, "Partnering with IFI reinforces our ongoing efforts to foster a culture of compliance throughout our organization and ensures our team remains at the forefront of evolving global standards."

The launch of this training program underscores FV Bank's commitment to adhering to the highest standards of regulatory compliance and integrity, which is crucial as the bank expands its digital banking and custody services.

The DOLFIN Platform: Tailored Training for Employees

Under this partnership, FV Bank is utilizing IFI's DOLFIN platform to implement a tailored compliance training program for all employees worldwide. This program includes:

• - Mandatory Annual Training: Employees will complete e-learning courses that cover essential topics such as Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Global Sanctions, Anti-Bribery and Corruption, Fraud, and Digital Assets Blockchain Technology.
• - Central Repository: DOLFIN serves as an expertly curated central repository, offering interactive risk management tools, analytical insights, webinars, and an AI compliance assistant, among other resources.
• - Ongoing Education: The platform will also facilitate ongoing education through a library of role-based learning plans, courses, and videos, ensuring that employees are well-informed about the latest trends and standards in financial compliance.

According to Danny McGlynn, President of the Institute for Financial Integrity, “Our mission at IFI is to advance compliance and risk management practices across the global financial ecosystem. We are proud to support FV Bank in strengthening their enterprise-wide compliance framework through education and training.”

About FV Bank and the Institute for Financial Integrity

FV Bank operates as a global digital bank and digital asset custodian, regulated by the Office of the Commissioner of Financial Institutions (OCIF) in Puerto Rico. It provides clients with integrated traditional and digital banking services, focused on offering secure and regulated solutions for both fiat and digital assets.

Founded to empower financial integrity professionals, the Institute for Financial Integrity dedicates its efforts to protecting the global financial system from illicit use. It offers various training services, online education, and certifications through DOLFIN, aimed at enhancing the skills and knowledge of financial professionals.

This partnership between FV Bank and IFI marks a pivotal moment in the bank's ongoing commitment to compliance and risk management, setting a standard for best practices in the financial services sector. With enhanced training initiatives, FV Bank is poised to navigate the complexities of global regulations and evolving financial threats effectively.