Anti-money laundering (AML) in the cryptocurrency space comprises a wide range of rules, laws, and recommendations to thwart criminals who want to convert their illegally obtained bitcoin funds into cash.
The FATF’s AML recommendations for virtual currencies were approved and implemented by the European Commission, FinCEN, and other regulatory agencies. Due to these developments, cryptocurrency exchanges, stablecoin issuers, and suppliers of virtual asset services now have more specific obligations (VASPs).
Although international organizations have been attempting to evaluate the dangers and design relevant policy solutions to the risk concerns associated with the increasing use of cryptocurrency for money laundering activities, there hasn’t been a globally coordinated regulation of cryptocurrencies.
Bridging the Gap with Technology and People-Centric Leadership4>
1. Potential strategies to support inclusion, accessibility, liquidity by harnessing technologies like digital wallets, cryptocurrency, mobile banking, etc.
2. Ways to humanize the experience and foster people-centricity by leveraging predictive analytics, process automation, data warehousing, and other new age technologies.
3. Real-world approaches to navigating the cultural shift in organizations by a relentless focus on employee experience, customer experience, and continuous learning through people leadership.
4. Pragmatic ways to mitigate potential risks and meet compliance in the age of digital currency by combining a “risk-based” approach, technology intervention, and change management.
Who Should Attend?
The webinar will provide valuable insights to a vast audience, including digital transformation executives, CIOs, CFOs, chief people officers, chief data officers, customer experience managers, employee experience managers, BSA/AML compliance officer/manager, etc.
Minakshi Yerra is the VP-Global Head of Compliance (board appointed BSA & OFAC Officer) at Ripple. She has over 18 years of international Banking, Fintech, Payments and Cryptocurrency experience specializing in the areas of Anti Money Laundering (AML), Economic Sanctions, Counter-Terrorism Financing (CTF), Fraud, Trade Finance and General Compliance.
She specializes in developing Financial Crime Compliance (FCC) and General Compliance programs, policies, procedures and developing internal controls for Banks, Fintechs, Non-Bank Financial Institutions and Cryptocurrency companies.
Minakshi’s most recent work includes scaling compliance programs for complex cryptocurrency and payments products, implementing new technology to mitigate AML and sanctions risks, developing FCC roadmaps, and advising business teams on new product launches.
Allison Sagraves is a renowned expert in data and analytics strategy, advising startups, companies, and leaders on data monetization and strategy. As an early enterprise chief data officer, Allison has received several international recognitions for her contributions.
Allison is a founding faculty member and advisor at Carnegie Mellon University’s Chief Data and Analytics Officer Program. After serving as the founding Chief Data Officer of M&T Bank, she founded her consulting firm and works with a diverse global client portfolio.
Allison is a sought-after speaker at top conferences and delivers training on data management concepts for various organizations.
Jagriti Kumar is the Chief Financial Officer at NLB Services. She plays a pivotal role in the strategic growth of the organization, which includes managing M&A pursuits, crafting win-win organic and inorganic growth deals, ensuring compliance across continents – North America, Asia Pacific, and Europe, managing strategic expansion into new lines of business and developing robust internal policies and governance systems.
Jagriti was the winner of Gold Globee® in the “Executive Hero of the Year” category and won Silver Globee® in the “Outstanding Female Professional of the Year – Accounting & Finance” category, in the 14th Annual 2021 Women World Awards®.
She was also the winner of the Women Trailblazer award in Finance for the year 2021 conferred by BRICS Chamber of Commerce and Industry,
Veronica is a seasoned compliance professional with 25 years of experience with mid-size financial institutions, ranging from financial operations and client onboarding to remediation efforts. She is a Certified Anti-Money Laundering Specialist (CAMS) and a Certified Global Sanctions Specialist (CGSS).
She brings vast experience in BSA/AML and Sanctions risk management, including Suspicious Activity Monitoring, High-Risk Customer Management, Screening, KYC, Fraud, and Regulatory Enforcement Actions. Additionally, her experience includes the implementation of RPA, ML, and AI solutions.
For the past 8 years, Veronica has been leading the development and implementation of effective and efficient BSA/AML/OFAC/FIU units with a focus on monitoring, investigating, and identifying potentially suspicious transactions and reporting to the Financial Crimes Enforcement Network (FinCEN).