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

Mar 19, 2014 8:25am ‐ Mar 19, 2014 9:40am

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

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

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