Page 114 - FerMUN 2020 - Futurecasters Global Young Visionaries Summit, 8th-10th January 2020

establishing a constitutional treaty regulating this new financial system; this committee
will be composed of experts and representatives of each state that has ratified the
treaty;

6. Accepts consultancy posts for clients when executing financial actions on a digital
platform for better support during these actions and to build trust between the client

and the banks;

7. Recommends a responsible and secure use of blockchain that has been tested and

seems to be very efficient in:
a. Implementing this technology, which must be set up by experts in order to avoid
oversimplifying it and facilitating cyber-attacks,
b. Verifying that users are not anonymous to avoid legislative problems because

of their anonymity;

8. Appreciates the implementation of 5G worldwide, which facilitates digital financial

actions, increases the speed of these transactions and considerably reduces CO2
emissions and pollution, particularly thanks to cryptomoney;

9. Seeks to establish individual and autonomous legal responsibility to prevent companies

from being denounced for cyber crimes committed by their users and/or customers;

10. Invites individuals and families to follow the following standards for a safe and secure

connection:
a. Having effective codes and prevent cyber criminals accessing email accounts
to avoid and prevent identity theft,

b. Having the latest software update of the devices so that the security is global
and as efficient as possible;

11. Demands a duty of vigilance with regard to customers in view of the current lack of
transparency, accompanied by a proportionate anti-money laundering framework
that allows for simplified customer due diligence for low-risk accounts and transactions;
this may include opening and using e-money accounts and transactions where the

transaction is concluded directly between the seller and the buyer with digital financial
service providers;

12. Urges the implementation of universal financial inclusion to combat poverty and
inequality, as financial inclusion makes it possible to:
a. Build up savings to provide for one's family,

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