Tuesday, October 22, 2013
COMPLIANCE AND AML
For startups in the virtual currency space, and the banks and other traditional providers that serve them, it has become critical to understand the regulatory requirements from anti-money laundering and know-your customer rules. The Fincen guidance released this year, however, left a number of questions unanswered, and recent state regulatory actions, such as California’s “cease and desist” warning to the nonprofit Bitcoin Foundation, have only confounded matters. This panel will look at the risks – and opportunities – for bankers and other financial services veterans who want to work with the new players to navigate the blurry regulatory landscape.