Money Laundering, Virtual Currencies and Underground Bazaars: Part Two

  • When: 15 June 2020
  • Time: 12PM -2PM BST
  • Level: All

We have seen sudden shifts in the Anti-Financial Crime landscape through an ever-increasing use of virtual currencies. For every legitimate use of cryptocurrency, we discover a new financial Crime typology that compliance professionals need to understand and learn to mitigate often in extremely short periods of time.

Our panel of experts will deep dive into large scale and sophisticated operations that are challenging to law enforcement and why VASPs (Virtual Asset Service Providers) need to be able to understand the resulting money laundering patterns in order to detect them. We will discuss collaboration through public private partnerships to enhance the detection of suspicious indicators involving virtual currencies.

Learning Objectives

  • Analyse crypto-crime case studies and the methodology used in investigations
  • Learn about COVID related fake tokens, extortion scams and ‘price gouging’ of legitimate goods including PPE; state-sponsored attacks and related Dark-net interactions including the sale of financial data and malware
  • Reflect on the strategy and challenges of law enforcement in closing dark-net marketplaces
  • Review the regulatory oversight on virtual currency and FATF and government responses to COVID-19 related fraud in underground bazaars

Who Should Attend

  • Compliance Personnel
  • Technology Officers
  • Industry Consultants
  • Onboarding and Relationship Managers
  • Fintech Representatives
  • Virtual Asset Service Provider Representatives

Region/Industry

  • Europe
  • Global
  • Bank
  • Fintech
  • MSB
  • Virtual Asset Service Providers

Pricing

ACAMS Members Non-Members
$245 $445
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Moderator

Peter Oakes

Bio

Peter Oakes is a financial services expert in banking, payments, funds, MiFID, FinTech, RegTech, cryptocurrencies and distributed ledger technology industries. His subject matter expertise includes anti-financial crime, corporate governance, directors’ duties, data protection and financial services regulations.

Peter is the founder of Fintech Ireland and Fintech UK and is involved with the new Fintech Cyprus initiative. He is recognised by Chambers & Partners International Fintech Ranking (2020) as a leading fintech expert. Peter was appointed as the first Director of Enforcement and Financial Crime at the Irish Central Bank (2010-2013) and has worked as a senior regulator in the UK (FSA), Australia (ASIC) and Saudi Arabia (SAMA) and continues to work with regulators on their supervisory and enforcement strategies. He is a non-executive director of leading regulated Fintech firms Susquehanna (MiFID), Optal Financial Europe (Emoney) and TransferMate (PSD).

Peter is retained as board advisor to a number of Fintech and Regtech, including Corlytics (regulatory intelligence), Ignition Wealth (robo-advisor) and KYCKR (AML / CDD). Peter works with Fintech and Regtech firms seeking licences in Europe and mentors start-ups. He is a solicitor admitted in the UK, Ireland and Australia.

Speakers

Iggy Azad
  • Iggy Azad

  • Senior Manager
  • Coinbase Global intelligence

Bio

Iggy Azad joined the London Met. Police in 1999 and left in 2019 after 20 years of service. He has served in a variety of roles within the police. He progressed to become a detective investigating Fraud, Domestic Violence, Gang crime and the supply of drugs. His last several years were spent as a Detective Sergeant in the Metropolitan Police Service’s Cyber Crime Unit. During this time he led investigations involving cryptocurrency, money laundering, hacking and the dark web. The end result being that he developed a specialism in Cryptocurrency investigations. He had been commended several times during his career by the courts and peers.

Iggy Azad joined Coinbase in 2019 as an investigator, and is now a Senior Manager at the firm, responsible for LEA engagement, investigation and intelligence for EMEA and the rest of the world. He has presented at Europol, Interpol and various private sector conferences on investigating crypto currencies and cyber crime.


Stephen Brent Sargeant

Bio

Stephen Brent Sargeant, CAMS, CBP works as an Anti-Money Laundering Investigator (AML) and Law Enforcement Liaison at cryptocurrency exchange, Bitfinex. He has previous AML experience working for international Bank, HSBC as an AML Investigations Manager. Prior to his AML career he worked as a Licensed Paralegal for Canadian Tire Corporation and D+H (FINTECH organization).

He is a FINTECH enthusiast that enjoys learning about Bitcoin, Blockchainand the future of the financial ecosystem. Passionate about helping others, he has written articles and produced podcasts for professionals in the Financial Crime Compliance field. He has also collaborated with many industry leaders in promoting goodwill, creating events and positive initiatives in the Compliance and FINTECH communities.


Amber D Scott

Bio

Amber is a compliance geek with a passion for technology. After graduating from the University of Waterloo, she joined the compliance group at one of Canada’s largest insurers where she focused on the implementation of technology-based processes to streamline compliance. She has since worked in in-house roles with major securities firms and banks. Somewhere along the line, she added MBA, CBP, and a few other letters after her name.

Amber joined a boutique compliance consulting firm, then a largerconsulting firm before launching Outlier Solutions Inc. (Outlier) in 2013. Outlier specialises in anti-money laundering (AML) and privacy compliance. The company is based on one of the premises of Malcolm Gladwell’s book Outliers: that to be really good at something you need a lot of practice (about 10,000 hours). Each of Outlier’s team members has 10,000 hours or more of in-house (not consulting) compliance experience. Amber loves leading this team of entrepreneurial compliance.