In this episode of "Financial Crime Matters," Kieran talks live from The ACAMS Assembly Las Vegas with Ned Conway, Executive Secretary at the Wolfsberg Group, an association of 12 of the world's largest banks that focuses on managing financial crime and money laundering risks.
Ned discusses Wolfsberg's recommendations for banking stablecoin producers, pointing to the group's recent guidance "Provision of Banking Services to Fiat-backed Stablecoin Issuers." The guidance adapts some of Wolfberg's seminal recommendations for correspondent banking relationships and can be "flipped" to serve banks considering dealing in stablecoin in various capacities.
Commenting on remarks earlier in the day by Undersecretary of the Treasury for Terrorism and Financial Intelligence John Hurley, Ned welcomeds promises of simplified suspicious activity reporting, greater information sharing by the public and private sectors, and regulatory oversight primarily focused on getting law enforcement what it needs to effectively fight crime.
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In this episode of "Financial Crime Matters," Kieran talks live from The ACAMS Assembly Las Vegas with Ned Conway, Executive Secretary at the Wolfsberg Group, an association of 12 of the world's largest banks that focuses on managing financial crime and money laundering risks.
Ned discusses Wolfsberg's recommendations for banking stablecoin producers, pointing to the group's recent guidance "Provision of Banking Services to Fiat-backed Stablecoin Issuers." The guidance adapts some of Wolfberg's seminal recommendations for correspondent banking relationships and can be "flipped" to serve banks considering dealing in stablecoin in various capacities.
Commenting on remarks earlier in the day by Undersecretary of the Treasury for Terrorism and Financial Intelligence John Hurley, Ned welcomeds promises of simplified suspicious activity reporting, greater information sharing by the public and private sectors, and regulatory oversight primarily focused on getting law enforcement what it needs to effectively fight crime.
Prosecuting Crypto Criminals, with the Justice Department’s Claudia Quiroz
Financial Crime Matters
18 minutes 58 seconds
11 months ago
Prosecuting Crypto Criminals, with the Justice Department’s Claudia Quiroz
In this episode of “Financial Crime Matters,” Kieran talks with Claudia Quiroz, Director of the National Cryptocurrency Enforcement Team, or NCET, at the U.S. Justice Department.
Claudia and Kieran discuss the rise in cryptocurrency-enabled crime that necessitated NCET’s creation three years ago and the team’s subsequent efforts to prosecute cyber predators and seize the proceeds of their crimes. Serving as a dedicated nerve center staffed by crypto experts within the Computer Crime and Intellectual Property Section of Justice, where Claudia is deputy chief, NCET pursues a variety of frauds and scams, money laundering and other abuses of cryptocurrency. During their talk, Claudia touches on some of NCET’s cases, including against “Pig Butchering,” which she points out often involves two victims: the individual who is defrauded and enslaved individuals forced perpetrate the fraud.
Financial Crime Matters
In this episode of "Financial Crime Matters," Kieran talks live from The ACAMS Assembly Las Vegas with Ned Conway, Executive Secretary at the Wolfsberg Group, an association of 12 of the world's largest banks that focuses on managing financial crime and money laundering risks.
Ned discusses Wolfsberg's recommendations for banking stablecoin producers, pointing to the group's recent guidance "Provision of Banking Services to Fiat-backed Stablecoin Issuers." The guidance adapts some of Wolfberg's seminal recommendations for correspondent banking relationships and can be "flipped" to serve banks considering dealing in stablecoin in various capacities.
Commenting on remarks earlier in the day by Undersecretary of the Treasury for Terrorism and Financial Intelligence John Hurley, Ned welcomeds promises of simplified suspicious activity reporting, greater information sharing by the public and private sectors, and regulatory oversight primarily focused on getting law enforcement what it needs to effectively fight crime.
