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Trulioo to Discuss AML & OFAC in the New Payments Landscape with the FBI and DOJ at Money20/20

Trulioo Money2020

Trulioo’s Founder & CEO, Stephen Ufford, has been invited to join a panel of anti-money laundering (AML) experts on the topic “AML & OFAC in the New Payments Landscape” at this year’s Money20/20 at The Venetian in Las Vegas, Nevada on October 25th from 4.10pm to 5pm.

Stephen will be joined by the following panelists:

Carol Van Cleef, Partner, Manatt Phelps & Phillips (Moderator)
Kathryn Haun, Assistant U.S. Attorney, Organized Crime Strike Force, U.S. Department of Justice
Catherine “Alden” Pelker, Analyst, Money Laundering Intelligence Unit, FBI
Daniel Tannebaum, Director & Global Financial Services Sanctions Leader, PwC

Digital currencies like bitcoin have significantly added to AML compliance challenges for both industry and regulators. What are the key lessons from recent indictments and prosecutions, including how criminals are abusing digital currencies and the red flags for criminal activity? Hear from highly experienced professionals–including the prosecutor and key FBI analyst in several recent cases–on the roadmap to develop an effective AML program for the new payments landscape.

Given the current legal and regulatory climate, this discussion will be very timely. In the United States, federal agencies are getting tougher when it comes to cracking down on money laundering. Authorities are now using undercover sting operations to lure offshore facilitators to come to the U.S. under the pretense of conducting business in person to set up overseas shell companies to avoid taxes or launder funds. The Department of Justice has also recently filed charges against two men accused of setting up an illegal Bitcoin money-transfer business that helped hackers launder money collected from ransoms demanded from companies that were threatened with cyberattacks.

About Money20/20

Money20/20 organizes the largest global events enabling payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000 CEOs, from over 3,000 companies and 75 countries, expected at its 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money. In just three years, Money20/20 fundamentally disrupted the status quo and established an entirely new and groundbreaking scale and standard for industry events.

The information in this blog is intended for public discussion and educational purposes only. It does not constitute legal advice.

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