Compliance Challenges with Crypto Exchanges: What can go wrong?
TCAE is excited to invite Ross Delston and Dev Odedra to the next TCAE Knowledge Series webinar to discuss the compliance challenges crypto exchanges face and the approaches to overcome them. The speakers will also discuss what every exchange, investor, trader and hodler must know in order to protect themselves from the inherent compliance risks of the industry. Regulatory arbitrage across jurisdictions, legislative issues and impact of regulatory scrutiny on established entities will be addressed as well.
- The basics of registration and licensing in the US and UK
- How questions from regulators can impact an exchange: Binance, Bitmex and Tether
- Geographic location: The dilemma of home and host regulation in a digital era
- Red flags for crypto compliance issues
- The stablecoin conundrum: How does an issuer maintain sufficient fiat reserves and still make a profit?
Ross Delston, CAMS, CTCE | Attorney + Expert Witness
Ross Delston is an independent American attorney, expert witness, and former U.S. banking regulator (FDIC) who has specialized in AML/CFT issues for over 20 years. Ross has participated in the monitorships of AIG and BNP Paribas, and has been a consultant to the IMF on AML/CFT and banking matters since 1997. On behalf of the IMF, he has participated in nine AML/CFT assessments of offshore financial centers, including Jersey, Bermuda, and St. Vincent. Ross has also been an expert witness on AML issues in 18 civil and criminal cases, including on behalf of plaintiffs in Joint Liquidators of Stanford International Bank. v. Toronto-Dominion Bank, a Canadian civil action growing out of one of the largest Ponzi schemes in recent history.
Ross has been quoted on AML/CFT and banking issues in the New York Times, Washington Post, Wall Street Journal, New Yorker, the American Banker, Bloomberg, ICIJ, OCCRP, the Times of London, the Nikkei (Japan) and the Hindu Business Line (India). He has lectured and conducted training on AML/CFT and banking topics at FinCEN, the FDIC, IMF, People's Bank of China (central bank) twice, Reserve Bank of India’s Staff College in Chennai, for U.S. bank examiners at the 2016 FFIEC Advanced BSA/AML Specialists Conference, and at conferences and seminars throughout the world.
Dev Odedra | Independent Money Laundering Expert and Founder, "The Laundry
Dev Odedra is an independent money laundering expert and the founder of ‘The Laundry’, a financial crime media aggregator. Dev has significant experience in managing money laundering risk in the retail, corporate and investment banking sectors, having worked at a number of global banks before setting up his own consultancy. His expertise covers a variety of areas of money laundering, including investigations, advisory and controls implementation and improvement.
Souzan Esmaili | Founder, TCAE
Souzan Esmaili has over 15 years of international experience in consultancy and training with a focus on Regulatory Compliance, Anti-Money Laundering, Anti-Bribery and Corruption and RegTech. She worked for various financial institutions and consultancies in Dubai and Toronto.
In 2019, when Souzan moved to Canada, she created TCAE with a passion to help, educate and empower Compliance & AML professionals around the world. She gained her first Canadian job experience by working as a subject matter expert on Anti Bribery & Corruption for Wells Fargo’s Canada and Latin America program.
Prior to moving to Canada in 2019, Souzan worked for various financial institutions and consultancies. In her last role as a senior consultant, she assisted her clients to understand their compliance needs, advised on meeting regulatory requirements, and managed a multitude of remediation projects. She has acted as an Authorized Individual in the capacity of Compliance Officer and MLRO for a number of firms regulated by the Dubai Financial Services Authority (DFSA).
Souzan holds an MBA from the American University of Sharjah (UAE), a Post Graduate Diploma in GRC from Manchester Business School (UK), a Certified Anti Money Launder Specialist (CAMS), FinTech Program certificate from Oxford University, and Chainalysis Cryptocurrency Fundamentals Certification (CCFC).