GS11 - (Case Study) Examining the Rise of Virtual Currencies and the Potential Risk of their Abuse Through Your Institution

Description

Objectives:

• Understanding the key operating principles of Bitcoin and other virtual currencies and their relationship with the traditional financial system
• Pinpointing the vulnerabilities of Bitcoin and other virtual money and its impact on your institution
• Assessing the need for special compliance systems to monitor virtual currencies
• Identifying customers who accept Bitcoin and developing strategies to monitor them
• Examining Liberty Reserve and how it touched global financial institutions
• Taking apart Silk Road and the FBI’s case against the Bitcoin broker

Speaker(s):

• Kieran Beer, CAMS, Chief Analyst, Director of Editorial Content, ACAMS
• Patrick Murck, Executive Director, Bitcoin Foundation
• Brian M. Stoeckert, CAMS, Managing Director, Stratis Advisory
• Evan Weitz, Managing Director, Head of Controls, Europe and Americas, Financial Crime Compliance, , Standard Chartered Bank