Sanctions Compliance for Cryptocurrency: Addressing Recent Developments in Guidance and Regulatory Expectations

Kharon & Guidehouse Webcast

As cryptocurrency becomes a more popular vehicle for investment, it is increasingly important to understand how criminals and other malign actors may use cryptocurrencies to move illicit funds and attempt to access the global financial system. The use of cryptocurrency as a tool to evade sanctions or otherwise transfer illicit funds largely stems from its peer-to-peer transfer capabilities and pseudo-anonymity, among other factors.  This opens the door for individuals or governments that seek to evade sanctions, such as Iran, Venezuela, Russia, or North Korea, to exploit and/or develop new cryptocurrencies. In response to the sanctions-related risk presented by cryptocurrencies, governments and regulators are increasingly releasing new guidance, regulation, and enforcement actions.

In this session, Guidehouse is joined by industry peers at Kharon to provide a strategic overview of recent cryptocurrency developments, particularly as they relate to economic sanctions, and to share insights on best practices for addressing these challenges. Discussants will also share views on expectations for 2021 and beyond.

Speakers: 

Adam Klauder
Senior Director, Global Investigations & Compliance
Guidehouse

Howard Mendelsohn
Chief Client Officer
Kharon


Jordan Olmstead
Director of Product
Kharon


Diogo Palhano
Account Director
Kharon


Joshua Shrager
Senior Vice President
Kharon

 

Additional speakers to be added in the coming days.

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