July 23, 2021 | Podcasts
Megan Prendergast Millard joined the Future of KYC Compliance podcast. Topics discussed include: Megan’s background in the world of financial crime and her experience working for the New York State Department of Financial Services Types of financial crime in small and large enterprises How terrorist financing has changed over the years What criminals look for when targeting banks and financial institutions The role of regtech and regulators to close the gap on the biggest weaknesses the financial system has Cryptocurrencies vs Fiat currencies: opportunities and regulation needs How firms have evolved after enforcement actions and financial penalties The challenges of holding senior management accountable The contribution of whistleblower programs in the fight against financial crime 3 pieces of practical advice to those actively engaged in AML Read More
July 23, 2021 | Media Mentions
As the U.S. Treasury Department eyes #stablecoins and EU targets terrorism financing, blockchain leaders were asked to discuss the costs of compliance – and of non-compliance. Paige Mason offered her thoughts. Read More
June 17, 2021 | Media Mentions
Inside Mortgage Finance - The mortgage industry is low-hanging fruit for extortionists given the amount of personally identifiable information lender/servicers house about customers -- “People who create ransomware are making it available to others [in return for a share of the proceeds],” Ken Mendelson said. “The barrier to entry has been reduced.” Read More
May 20, 2021 | Podcasts
Dan Burstein, general counsel and chief compliance officer at Paxos Trust Company, and Julie Myers Wood continue their discussion on the increasing openness of banking regulators to allow traditional financial institutions to offer cryptocurrency payment services.
In this episode, Dan and Julie provided insight into regulatory trends as traditional financial institutions move into the digital asset space, the associated compliance issues, blockchain monitoring, addressing the travel rule, and increased enforcement actions.
Missed Part 1? Listen to Banking on Crypto Part … Read More