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The Challenges of New Technologies for AML/CFT & The Travel Rule - New Updates
Format
Online
Course
Starting date
On Demand
Duration
80 Minutes
Price
Free
What you are going to learn
A few more words about this course
Over the past year we have seen the Travel Rule slowly being implemented, and as of 2020 the G20, including additional jurisdictions have begun to apply the travel rule in tandem with local Anti-Money Laundering (AML) laws.
However, The global money laundering and terrorist financing watchdog Financial Action Task Force (FATF) has published a second 12 month review to the travel rule published in June 2019
The review comes after FATF's June 2020 Plenary, in which they committed to continuously monitor virtual assets and virtual asset providers (VASPs), followed by a 12-month review published this year and their public consultation on the risk-based approach to virtual assets and virtual asset service providers in April 2021.
The update will hold specific implications for VASPs such as digital asset custodians and cryptocurrency exchanges, as The Travel Rule outlined in Recommendation 16, that creators and beneficiaries of digital fund transfers have an obligation to exchange descriptive information.
In this webinar we will be speaking with industry experts and discussing the key issues:
- What are the new travel rule updates?
- What are the challenges to successful adoption?
- What do I need to do to become compliant?
- What are the AML/CFT challenges?
- How can technology be better utilised?
Speakers
Oonagh van den Berg
Managing Director and Founder of Virtual Risk Solutions and CEO & Founder of RAW Compliance
Robin Lee
Head of APAC at Napier AI
Matthew Gardiner
Founder of A1 AI
Gaby Hui
Director of Public Relations and Corporate Communications at Merkle Science
Malcolm Wright
Chief Compliance Officer at 100x