Trends and Updates on Cryptocurrencies and Money Laundering: Hot Buttons Explored
The growing market participation in digital asset transactions further drives governmental scrutiny, particularly in anti-money laundering enforcement involving cryptocurrencies. Recognizing the opportunities and risks presented by the tremendous growth of cryptocurrency, the Biden administration has issued an Executive Order on Ensuring Responsible Development of Digital Assets. The DOJ, with its new crypto crime-fighting enforcement team, also continuously expands its efforts to ramp up the prosecution of crypto-related offenses.
However, the applicable regulatory framework and the classification of cryptocurrency as a security, commodity, or currency remains unclear despite the ongoing developmental focus.
Join a panel of key thought leaders and distinguished professionals organized by The Knowledge Group as they provide a comprehensive discussion of anti-money laundering enforcement trends involving cryptocurrencies. Speakers, among other things, will also offer practical tips and strategies for transacting digital assets amidst legal uncertainties and unclear regulatory guidelines.
Field of Study: Auditing
Live and Recorded CLE & CPE Webcasts in the Legal, Tax, Finance, Risk, Compliance and Human Resources Industries
Founded in November 2006, The Knowledge Group has established itself as a premier eLearning hub for Continuing Legal Education (CLE), Continuing Professional Education (CPE), and technology-focused webcasts. We equip lawyers, accountants, and industry professionals with expert-driven insights, timely regulatory updates, and practical strategies to help them stay ahead in an ever-evolving landscape.
Senior Managing Director with F T I Consulting
Mr. Sadie is a senior managing director at FTI Consulting and provides financial crime related compliance and investigative services to financial institutions, cryptocurrency firms, FinTechs and regulators, specializing in AML/BSA compliance and reviews, sanctions related projects and fraud investigations. He has led “look-back” transaction reviews to identify suspicious activity, OFAC sanctions programs reviews, compliance testing of AML/BSA programs, and AML training. He has served as a monitor or independent consultant for financial institutions relating to consent orders issued by regulatory bodies. He has spoken at venues about AML best practices and has been designated as a testifying expert in matters that involve AML and sanctions issues. Mr. Sadie has lived and practiced in the United States, Luxembourg and South Africa.
Partner with Covington & Burling LLP
Addison is a white collar partner in Covington’s San Francisco office and counsels clients across a range of financial crime compliance and enforcement issues, including government-facing investigations and risk assessments. He draws upon his prior experience as a DOJ prosecutor to help clients navigate complex investigations and compliance issues. Among other AML-related matters that he has handled, Addison obtained a declination from DOJ, and no action from all other relevant U.S. regulators, in connection with a recent, multi-billion-dollar international AML investigation.
Senior Managing Director with F T I Consulting
Tilcia Toledo is a Senior Managing Director in the Forensic & Litigation Consulting segment and is based in Washington, D.C. As a member of the Financial Services practice, Ms. Toledo specializes in risk management, corporate governance, regulatory compliance and litigation support. Ms. Toledo brings over 25 years of financial services experience in investment banking, regulatory compliance and consulting to deliver valuable solutions to national and global financial institutions including traditional banks, money services businesses and fintech/cryptocurrency companies. She leads the delivery of remediation efforts of financial institutions seeking to comply with regulatory corrective actions, including consent orders. Ms. Toledo serves as the risk management subject matter expert on monitorships related to non-compliance with Bank Secrecy Act (“BSA”), Anti-Money Laundering (“AML”) and Office of Foreign Assets Control (“OFAC”) regulations. She reviews relevant risk assessment reports and provides guidance aligned with regulatory expectations.
