Banking Cryptoassets - Managing Financial Crime Risk for an Innovative Industry 2021 | UK Finance | 16 September 2021 | Online Webinar

Throughout 2021, cryptoassets have continued to hit the headlines. Many reports have not been kind to this nascent asset class, as governments, regulators and financial institutions grapple with identifying the appropriate balance to be struck between money laundering and terrorist financing (ML/TF) risk management on the one hand, and customer service and financial inclusion on the other.

Senior industry experts will help to demystify the world of cryptoassets and reflect on the joint UK Finance and Plenitude report which addresses the spectrum of financial crime risk exposure presented by these assets, and how and why the financial and cryptoasset sectors can and should work together to nurture this innovative industry.

Don’t miss this chance to hear the panellists offer a candid assessment of the strengths and weaknesses in managing a growing industry through embedded control frameworks and screening tools, and on whether all cryptoasset activity (including privacy coins) present the same degree of risk exposure.

KEY OBJECTIVES & LEARNING OUTCOMES:
• Understand the true calibration between threat, vulnerability and risk posed by cryptoasset providers to wider financial institutions.
• Identify the principal ML/TF compliance challenges posed by cryptoasset providers and how the industry can effectively mitigate these relative to risk exposure by reference to known typologies.
• Find common ground for both sectors to work together for the benefit of the UK.

WHO SHOULD ATTEND?
• MLROs.
• Nominated Officers.
• Heads of Financial Crime.
• AML/CTF policy and standard leads.
• Enterprise/business-wide risk assessment leads.
• Customer risk assessment leads.
• Transaction monitoring leads.
• Economic crime lawyers.

2021 Speakers

Alan Paterson
Founder & Managing Director, Plenitude

Ian Taylor
Executive Director, CryptoUK

Nick van Benschoten
Director, International Illicit Finance, UK Finance

Bob Wigley
Chair, UK Finance

2021 Sponsor

SPONSOR:
• Plenitude