Crypto compliance: The next AML risk frontier
For legal professionals already tasked with keeping on top of AML and Source of Funds/Wealth regulations, cryptoassets are yet another risk factor to be managed. Increasing levels of crypto ownership make it imperative for modern firms to have clear processes in place to stay compliant. In this on-demand session, our panel of crypto and regulatory experts will offer their best practice advice on how to work with cryptoassets with confidence.
About this webinar
In April this year, the government announced steps to make Bitcoin and other cryptocurrencies valid forms of payment in the UK. More than 2 million people in the UK have now invested in some form of cryptoassets. But the risk of fraud remains high in this market, with criminals laundering £6.4bn of cryptocurrency in 2021 worldwide (an annual increase of 30%).
Completing major transactions with the likes of Bitcoin alone may not be a reality for many today. But increasing levels of crypto ownership make it imperative for modern firms to have clear processes in place to stay compliant.
In this on-demand session, our panel of crypto and regulatory experts discuss:
Best practice advice on how to work with cryptoassets.
Steps to ensure your AML compliance obligations are met.
About the most relevant legislation related to this developing area of financing.
How to future-proof your firm’s approach for cryptocurrency work.
Director of Global Intelligence, Coinbase
Iggy is a Director at Coinbase, one of the world’s leading cryptocurrency exchange platforms, where he is focused on investigations and intelligence. Prior to joining the company he was a detective with the Metropolitan Police investigating Cybercrime.
Associate, Kingsley Napley
Anna is an experienced general criminal law practitioner at the law firm Kingsley Napley. Her advice for working with cryptoassets is regularly sought by clients regarding potential proceeds of crime or money laundering risk. Anna’s analysis of crypto source of funds has allowed her clients to proceed with a range of high-value property transactions.
Founder and CEO, Hoptrail
Henry is the CEO and founder of Hoptrail, a UK-based blockchain data firm specialising in on-chain onboarding and analytics. Hoptrail provides insights on cryptocurrency funds and potentially risky transactions for financial institutions, law firms, and other professional services.
Co-Founder and MD, Thirdfort
Jack founded Thirdfort with friend Olly Thornton-Berry in 2017, with a mission to protect life’s big transactions so businesses and their clients can move fearlessly. Bringing the best of technology, data, and design to solve traditional onboarding challenges, Thirdfort have built a seamless and flexible platform for secure client AML verification. Over 700 law firms and regulated businesses now use Thirdfort to turn their compliance into a competitive advantage.