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Crypto has burst into the scene as a distinct and wholly new asset class. Its short history has not been without controversy, which to a certain extent justifies the apprehension of financial institutions historically to engage with it, but with more than a hundred million users, a market cap close to 1USD trillion in June 2022, and a vibrant ecosystem that spreads well beyond issuers of tokens and currencies, it has reached a point where it is impossible to dismiss.
Financial institutions (FIs) are already exposed to the sector directly or indirectly through their client base, however the understanding of the risks and controls required to mitigate them, is typically low in traditional financial institutions.
FIs that understand the risks and the potential of this new asset class to disrupt existing business models and propositions, will be best positioned to exploit the opportunities that crypto presents.
This webinar will look at the current state of crypto adoption, and the exposure to crypto faced by banks, both directly and indirectly. It will also frame the key considerations and controls that banks and other FIs must consider and implement to mitigate risks and comply with obligations as they move into the crypto space or increase exposure to it. Finally, we will finish with a look at best practices in crypto compliance and what might be next in terms of regulation
Senior Executive and Digital Asset Practice Lead, Plenitude Consulting
Manuel has over 17 years of experience in the global asset management industry across Compliance, Internal Control, and Internal Audit, in positions w...
Manuel has over 17 years of experience in the global asset management industry across Compliance, Internal Control, and Internal Audit, in positions with a global remit based in Paris, London and Los Angeles.
Prior to working with Plenitude, Manuel built the global compliance framework for a major investment management group. This involved designing, deploying and constantly refining processes, tools, policies, and procedures. His main areas of focus were Anti-Money Laundering, International Sanctions and Financial Promotions / Distribution, in which he proved adept at balancing local and global considerations and regulatory constraints, the interest of all stakeholders and firms’ risk appetite to build solid frameworks that have proved successful throughout the years.
Manuel has a deep knowledge of the cryptoassets industry, acquired through more than six years of studying, investment and advisory work. In the current phase of his career, he has used this knowledge to train companies in the traditional finance sector about the significance of this nascent industry, its actors and quickly developing regulatory framework, as well as advising crypto firms on their regulatory obligations as they seek registrations, and playing an active role in shaping discussions on regulation through industry associations.
Digital Assets Compliance Advisor, TRM Labs
As Compliance Advisor at TRM Labs, a blockchain intelligence company specializing in digital assets risk management and compliance solutions, Mr. Arms...
As Compliance Advisor at TRM Labs, a blockchain intelligence company specializing in digital assets risk management and compliance solutions, Mr. Armstrong advises financial services firms and crypto-native businesses on how best to leverage transaction monitoring and investigative tools as they build and implement robust anti-financial crime programs.
Prior to TRM, Mr. Armstrong led the strategic efforts to build Goldman Sachs’ first dedicated financial crime compliance team covering blockchain-based assets, and served in an advisory capacity across a number of business verticals including investment banking, private wealth, asset management, and global markets. Mr. Armstrong also co-led Goldman Sachs’ Transaction Surveillance team, and served as Head of the Financial Intelligence Unit and Forensics Group teams. Mr. Armstrong worked extensively on shaping the bank’s evolution into the crypto ecosystem, collaborating across the business to shape the necessary strategy from a financial crime perspective, and brings over a decade of experience in anti-money laundering and related compliance issues.
Head of Crypto GTM & Strategy, Checkout.com
Jess Houlgrave is Head of Crypto GTM & Strategy at Checkout.com. Checkout.com's mission is to enable businesses and their communities to thrive in...
Jess Houlgrave is Head of Crypto GTM & Strategy at Checkout.com. Checkout.com's mission is to enable businesses and their communities to thrive in the digital economy; at its most recent fundraising round in January 2022, Checkout.com was valued at $40bn, making it the UK’s most valuable venture-backed business.
Jess is focused on Checkout.com’s go-to-market strategy. She is responsible for scaling the company’s crypto offering, enabling Checkout.com to power the world’s largest exchanges, fan token platforms and wallets. Jess also sits on the Bank of England Engagement Forum for CBDC, the UK Fintech Strategy Group and the DIT / Innovate Finance International Fintech Advisory Group.
Prior to joining Checkout, Jess was the founder of Codex Protocol, an Ethereum project to track the provenance of assets using NFTs. Before that she held roles at OPTrust's Private Markets Investment Group and Credit Suisse. She has an MA in Economics and Management from the University of Oxford and an MA in Art Business from Sotheby's Institute of Art.
Principal Policy Advisor, UK Finance
Rhiannon joined UK Finance's predecessor in 2010. Rhiannon is a Principal in Policy responsible for payments and cash policy. She currently manages th...
Rhiannon joined UK Finance's predecessor in 2010. Rhiannon is a Principal in Policy responsible for payments and cash policy. She currently manages the Cash Services unit, which coordinates the industry on operational cash issues. She also provides thought leadership on policy issues to support the UK Finance objectives in respect of the business, operational and technical aspects of regulation, government requirements and market innovations in payments and cash more generally. She has previously led work on Open Banking, SEPA, Government Engagement with the payment systems, Digital ID, and card payments.
Prior to joining UK Finance, Rhiannon completed an MPhil at Cambridge. She has also worked for an MP and as a researcher for a global hedge fund.
Plenitude is a niche consultancy, specialising in Financial Crime Risk and Compliance and are appointed to the Financial Conduct Authority’s Skilled P...
Plenitude is a niche consultancy, specialising in Financial Crime Risk and Compliance and are appointed to the Financial Conduct Authority’s Skilled Persons panel for Financial Crime. Our focus is firmly on addressing the legal, regulatory, reputational and social imperative for financial institutions to take diligent and rigorous steps to mitigate financial crime risks.
We help our clients meet their regulatory obligations and reduce their financial crime risk exposure by providing deep subject matter expertise, advisory and transformation services. Our services are augmented with subscription products that gives our clients enhanced insight into the vast array of Financial Crime Compliance (FCC) laws, regulations, guidance and risk indicators, to more effectively manage financial crime risk while reducing overall costs.
Our Digital Assets Practice leverages our deep FCC advisory and transformation capabilities to support traditional financial institutions and crypto firms, design and implement effective control frameworks to mitigate the key risks and comply with regulatory obligations.
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