Increasingly Sophisticated Sanctions Evasion Schemes: Blockchain, Cryptocurrency and FinTech Grego

November 20, 2019 3:15pm

Gregory Lisa
Partner
Hogan Lovells (USA)

  • Current sanctions evasion methods: exchanges to pass KYC, darknets, privacy coins, tumblers and mixers
  • Understanding regulators priorities and parameters for good practice when handling new financial crime risks
  • The scope for financial and criminal liability for direct sanctions violation or enabling sanctions evasions using cryptocurrencies
  • Protocol to identify potential high-risk customers or third parties
  • Best practices: risk rating framework preventing customers from certain countries from opening accounts