Lawside Attorneys-at-Law reposted this
🌐 Reflecting on an Insightful Day at the Crypto Symposium 🌐 Yesterday, I had the pleasure of attending the Crypto Symposium organized by the Money Laundering Reporting Office Switzerland (MROS) of the Federal Police fedpol. This exceptional event brought together experts from international regulatory and law enforcement agencies such as FinCEN, NCA, FBI, and blockchain analysis companies. The presentations provided a deeper understanding of business models within criminal networks involving cryptocurrencies (e.g., pig butchering scam, a.k.a. Sha Zhu Pan). These sessions highlighted both the evolving tactics of illicit actors and the advanced measures being developed to counter these activities. As someone who advises financial institutions and intermediaries on anti-money laundering (AML) regulations on a daily basis, I found this experience invaluable. Keeping abreast of the latest findings and risks in crypto transactions enhances my ability to effectively advise clients and protect them from the multifaceted threats of financial crime. Connecting with new and familiar faces, and engaging in thought-provoking discussions during the breaks was an added bonus. I look forward to applying these insights to further support financial integrity in the ever-evolving landscape of cryptocurrency and AML compliance. I would recommend anyone working in this field to attend this annual event. #CryptoCompliance #AntiMoneyLaundering #FinancialIntegrity #Blockchain #AML