Investigative journalists and whistleblowers have revealed myriad ways organized crime groups utilize innovations including e-money and third-party payment processors to launder illicit proceeds. A central issue: The AML/CTF control environment at these tech-driven firms. As illustrated by the Wirecard and BTC-e cases, the culture of compliance and AML/CTF controls are sometimes nearly non-existent. This webinar analyzes case studies to illustrate how deficiencies in culture, governance and AML frameworks exacerbate financial crime risks. Panelists will also highlight red flags, typologies and wider threat intelligence that can help counterparties mitigate potential exposure.

This webinar is part of a series. Click on the links below to view the other parts of the webinar series:

• The Risk of Cryptoassets: Understanding the Threat and Setting an Appropriate Risk Appetite
• High-Risk Crypto Jurisdictions: What Do We Know - And What Must We Learn?