Decentralized Technologies: Cryptocurrency Regulation, Anti-Money Laundering Concerns and the Importance of Knowing Your Customer

Originally offered August 21, 2018

Duration: 60 minutes

CPE Credit: 1 

Description: With the world moving in the direction of boundary-free, cross border transactions, companies based in the U.S. and abroad are faced with growing security and compliance concerns unique to cryptocurrency. The spotlight on compliance and regulation continues to intensify as cryptocurrency transforms the way we transfer value and move money.

In this webinar, you will learn how virtual currency is regulated from currency, securities and commodities perspectives, as well as how it is treated for tax purposes. Gain a better understanding of anti-money laundering, Know Your Customer (KYC) requirements, and how entities in the space address compliance and cryptocurrency regulation.

Field of Study: Specialized Knowledge

Course Level: Basic

Prerequisite: None

Advanced Preparation: None 

Delivery Format: Group Internet Based 

You Will Learn How To:

  • Assess blockchain and cryptocurrencies – diverging views in which U.S. regulators are classifying virtual currencies
  • Recognize currency and securities regulations – detailed explanation about the four regulatory lenses
  • Recognize anti-money laundering and Know Your Customer (KYC) requirements                                                                                                         

    Alan Cohn                                                                 
    Of Counsel and Co-Chair, Blockchain and Digital Currency Practice 
    Steptoe & Johnson LLP 

    Alan Cohn counsels clients on a range of blockchain-related issues, from anti-money laundering and Know-Your-Customer (KYC) best practices for cryptocurrency companies to legal issues associated with novel uses of blockchain technology. Drawing on his experience at the Department of Homeland Security (DHS), Cohn brings a unique perspective focusing on the intersection of cryptocurrency and blockchain technology with cybersecurity and cybercrime. He co-founded and now co-chairs Steptoe’s blockchain and cryptocurrency practice. Cohn also serves as counsel to the Blockchain Alliance, a public-private forum established by a broad coalition of companies and organizations to help combat criminal activity on the blockchain, and advises companies and investors concerning a range of issues associated with the adoption and use of blockchain and distributed ledger technology.

    Sponsored by Thomson Reuters

    Highly regulated firms rely on Thomson Reuters to identify the hidden risk of doing business with a customer or third party, and protect against regulatory and reputational risk. We provide Know Your Customer (KYC) and Know Your Third Party (KY3P) customer identification solutions for any market or organization — as well as capabilities for client on boarding, enhanced due diligence and transaction monitoring — leveraging leading products such as CLEAR and World-Check.   

    Information you provide during the registration of this webinar will be provided to the sponsor, Thomson Reuters, and may be used to send you information, special offers or promotions from Thomson Reuters.