A Guide to Anti-Money Laundering for Crypto Firms

Uncover: The ComplyAdvantage Podcast


Welcome to Uncover, a podcast by ComplyAdvantage. In this series we talk to FinTech and RegTech founders, compliance leaders, product innovators and industry experts from around the world to uncover the latest trends and best practices.

Check back here regularly to catch-up on our latest episodes:

How to Scale an AML/CFT Program for Crypto
Our State of Financial Crime 2022 report found that a whopping 98% of firms say they are crypto native, offer crypto services, or are planning to do so in the future. So, with crypto services now reaching a mass audience, how do firms scale their compliance efforts? To explore this question we’re be joined by Brandi Reynolds, Managing Director at the Bates Group, a leading consultancy firm working across the AML and compliance space. Brandi is also Chief Compliance Officer at eToro and Voyager.

What does it take to build a FinTech in Latin America?
Colombia is now home to more than 320 FinTechs, a 37 percent rise on 2017, making Colombia, with a population of 52 million people, the third largest FinTech hub in Latin America after Brazil and Mexico. Today, we’re speaking to Salomón Zarruk, CEO at Mono. Mono is a new Colombia-based B2B neobank designed to help entrepreneurs in the region reduce the time they spend on administrative work.

Drug trafficking and money laundering with Robert Mazur and David Lewis
In this episode, we interview two of the world’s most consequential and insightful financial crime fighters – David Lewis, former FATF Executive Secretary and Robert Mazur, ex-undercover money launderer. We discuss money laundering, drug trafficking, and why existing approaches to tackling these issues aren’t addressing the real risks.

The intersection of Fraud, AI and AML
In our 2022 State of Financial Crime report, 41% of firms globally said that fraud detection was one of the key areas of their AML compliance programs they’re looking to improve this year. So for this episode we’re joined by Hubert Rachwalski, CEO at Nethone. Nethone is a Poland-based fraud detection company using machine learning to detect and prevent card-not-present fraud and account takeover. They also describe themselves as a ‘Know Your Users’ company. In a recent technology report, Deloitte named Nethone Poland’s fastest growing company, and the team raised almost $7m in its Series A funding round in July 2021.

How Do You Build a Neobank in India and the United States?
Raghunandan G is the founder of Zolve, a neobank based in India and the United States. In its seed funding round in early 2021, Zolve picked up an impressive $15m. Raghu previously co-founded Taxi For Sure, a cab aggregator in India, and is himself an angel investor in a number of successful startups. In this interview, Raghu explores the challenges and opportunities that come with neobanking in two of the world’s biggest markets.

Jeffrey Robinson: Money laundering, drug trafficking and beneficial ownership
Jeffrey Robinson is the international bestselling author of 30 books, including his classic money laundering tour de force, The Laundrymen, which made headlines in 14 countries. He writes and speaks widely on issues of money laundering and financial crime. A self-described ‘old fashioned story teller’, Jeffrey isn’t afraid to challenge established views and consensus opinions.

Plum: Building a FinTech for young people
Victor Trokoudes is the Co-Founder and CEO at Plum. After studying economics at Harvard, Victor joined Transferwise early in the company’s life, helping to launch it in 25 markets. Today, Plum has more than 2 million registered customers. He joins Charles Delingpole to explore how he’s come to build a FinTech for young people.

 The Modern CCO: Building an agile compliance function with TransferMate
Charles Delingpole, Founder and CEO at ComplyAdvantage, interviews Simon McFeely, Global Head of Risk and Compliance at TransferMate. The payments platform has a great story to tell, building a product that removes real problems for compliance officers.

Meagan Birch, Global Head of AML & KYC: Designing effective AML solutions
As a former MLRO and Head of Compliance, Meagan Birch understands what it’s like to work in a financial institution on the front lines of the fight against financial crime. In this episode, she joins Jon Draper, Product Director at ComplyAdvantage, for an in-depth discussion on why AML systems aren’t effective enough today – and how they can be improved.

Ed Luo, Head of Compliance Systems, NEST Financial Group: Crypto, blockchain and an agile approach to compliance
Join Arshi Singh, Product Director at ComplyAdvantage, for an in-depth discussion with Ed Luo, Head of Compliance Systems at NEST Financial Group. They’ll be talking about cryptocurrencies, the future of finance, and why compliance teams need to be agile to thrive in today’s world.

Benjamin Fernandes, CEO and Founder, NALA Money: Building a FinTech in Africa
Join our CEO and Founder Charles Delingpole for a fascinating conversation with Benjamin Fernandes, CEO and Founder of NALA Money. They discuss what it takes to build a fintech, and how innovation in financial technology can improve lives around the world.

Brent McIntosh, Council on Foreign Relations: International Cooperation on Payments, Crypto and Covid
Join COO & CFO Vatsa Narasimha for a conversation with Brent McIntosh from the Council on Foreign Relations. Before joining the CFR, Brent served as Under Secretary of the Treasury for International Affairs. In a wide-ranging conversation, Brent and Vatsa discuss the digitization of payments, sanctions evasion and cryptocurrencies.

Jason Leopold, BuzzFeed News: The FinCEN Files
In this episode, ComplyAdvantage COO & CFO Vatsa Narasimha discusses the FinCEN files investigation with Jason Leopold from BuzzFeed News. The FinCEN files revealed that financial institutions around the world have been complicit, or at least complacent, in the movement of trillions of dollars of illicit funds.

Innovations in KYC with CurrencyCloud
In our first episode we talk to Jan Philippaerts, VP of Compliance Operations at Currency Cloud, about innovations in Know Your Customer (KYC), making your AML operations more efficient, and why strong AML is a key pillar of trust.

Originally published December 21, 2021, updated April 5, 2022

Disclaimer: This is for general information only. The information presented does not constitute legal advice. ComplyAdvantage accepts no responsibility for any information contained herein and disclaims and excludes any liability in respect of the contents or for action taken based on this information.

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