New technology has emerged to the forefront of payment processing, bringing new challenges for anti-money laundering professionals, law enforcement and supervisory agencies. With traditional banks taking a backseat to business-to-business and peer-to-peer transaction settlement, at least one financial technology firm has taken steps to implement an anti-money laundering (AML) program that takes elements from banks and other money services businesses.
In its upcoming webinar, Case Western Reserve University School of Law will welcome Paul Jabaay, senior manager within the global investigations unit at Coinbase, for “Cryptocurrency: Managing an Effective AML Program for this Financial Transaction Technology.” Jabaay’s virtual presentation will be held Wednesday, March 23, at 7 p.m.
In his role at Coinbase, Jabaay investigates fraud, identity theft, money laundering, AML/Bank Secrecy Act violations, terrorism finance, and child exploitation/human trafficking.