OFAC and FinCEN Updates: Trends and Priorities for Virtual Currency
Kevin O’Connor
Section Chief, Virtual Assets and Emerging Technology
Department of the Treasury/Financial Crimes Enforcement Network
Eytan Fisch
Partner
Skadden, Arps, Slate, Meagher & Flom LLP
Jess Houghton
Sanctions Compliance Officer
Office of Foreign Assets Control
U.S. Department of the Treasury
- FinCEN 2022 Illicit Finance Strategy
- New FinCEN alerts and red flags
- Impact of OFAC Virtual Currency guidance and ransomware advisory
- Need for risk-based approach based on companies’ exposure
- Impact of many virtual currency designations