Navigating financial crime risks in the time of cryptoasset

In recent years, cryptoassets have slowly but surely gained legitimacy, with more mainstream consumer and institutional investors embracing crypto-related investment opportunities. However, as the value and use of cryptoassets has grown, concerns about the associated risks have also increased in urgency. Regulators across the globe, together with major inter-governmental bodies, are taking significant steps towards understanding the cryptoasset market and, in particular, the associated money laundering risks.

In this webinar, members of our global financial services team will compare notes on their jurisdiction's approach to anti-money laundering in the crypto space. The speakers will provide their insights on a number of areas which will help both traditional financial institutions who are interested in crypto business and FinTechs that focus on crypto-services, either as their whole business or a business line. These include:

• What triggers your AML regime for crypto-asset businesses?
• For countries with a registration requirement, (briefly) what does it involve?
• How are banks in your country approaching clients in the crypto sector?  
• To what extent do AML requirements differ between crypto and traditional business?
• Are SARs the tail wagging the AML dog and what are the consequences of getting it wrong?

This webinar was recorded on 28 September 2021.