As crypto becomes more mainstream, ignoring it is not just impossible but potentially costly. It’s a double-edged sword: regulators are pressuring banks to identify cases of money laundering and sanctions evasion tied to cryptocurrency, and customers are eager to be able to invest in crypto through the financial institutions they already know and trust. However, financial intuitions risk fines and penalties for having crypto-related illicit transactions on their payment rails if they're not adequately able to mitigate the risk. In this session, CipherTrace VP of Financial Investigations Pamela Clegg will share an overview of the relationship between fiat and crypto, pinpointing common intersections.
Join us to learn:
- Where the intersections between the traditional and crypto economies lie
- What role banks and other financial institutions play in the conversion of fiat and cryptocurrencies
- How undetected crypto transactions can implicate institutions in sanctions violations, money laundering and the funding of terrorists
- How to safely provide banking services to lucrative crypto accounts.
1 ACAMS Credit **Please note that ACAMS credit for this virtual event is available to members of the Chapter only.