“It’s going to be pivotal for us to keep up with where criminals are going”
In this episode, Aidan and Kristen explore the future direction of cryptocurrency compliance.
Kristen shares her perspective on the international effectiveness of the Financial Action Task Force (FATF), the challenges of implementing the travel rule, and the significance of sanctions in asset recovery to combat financial crime.
They also explore the role of stablecoins in the evolving financial landscape, the potential use of AI by criminals and the implications of this technology for compliance professionals.
Timestamps
03:00 Kristen’s background in cross-sector compliance
07:00 Scrutiny on crypto companies and enforcement actions
10:30 The influence and challenges of FATF in financial regulation
22:30 Future of crypto enforcement and stablecoins in the US
28:30 The complexities of managing frozen and sanctioned assets
34:00 The future of AI in compliance and fraud detection
37:30 Positivity in financial crime compliance
Resources Mentioned
- Kristen Hecht on LinkedIn
- Association of Women in Cryptocurrency (AWIC)
- Moonberg
- FATF’s report on global implementation of Recommendation 15
- Seize & Desist E2 with FATF’s former Executive Secretary David Lewis
- Asset Reality supports the creation of The Seychelles first asset management unit (AMU)
- OneCoin Defendant Granted Bail pending Appeal | Coinpaper
- UNODC Report: Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia: A Hidden and Accelerating Threat
About our Guest
Kristen Hecht brings a wealth of expertise from her long career in financial crime prevention and compliance.
For several years, she worked closely with the US Treasury Department as a Senior Advisor in the Office of Terrorist Financing and Financial Crimes (OFAC) and the Financial Crimes Enforcement Network (FinCEN), before transitioning to the private sector, where she developed regulatory frameworks for financial crimes at HSBC China, Meta, and Binance.
Kristen is also a regional ambassador for the Association of Women in Cryptocurrency in France and the San Francisco Bay Area, an advisor for compliance and regulatory matters at DeFi startup Moonberg, and the Chief Compliance Officer for an undisclosed project that is currently in Stealth Mode.
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