In March 2021, the global Financial Action Task Force (FATF), released draft guidance on a "Risk-Based Approach to Virtual Assets and Virtual Asset Providers." The draft guidance hit on crypto's hottest topics, from non-fungible tokens (NFTs) to unhosted wallets and decentralized finance (DeFi), and came with a period of public consultation during which FATF received comments from across the cryptoverse. After 6-months of public and private sector consultation, FATF released its final guidance on Thursday, October 28.
As the dust begins to settle, join TRM Talks for a conversation with FATF's Virtual Asset Contact Group (VACG) co-chairs: Jon Fishman of the United States Treasury Department and Habuchi Takahide of Japan's Financial Services Agency.
About FATF: The Financial Action Task Force (FATF) began in 1989 as an 11-member global task force to tackle cartels engaged in sophisticated money laundering typologies in order to clean illicit drug proceeds. As the world focused on global terror after 9/11, FATF added terrorist financing to its mandate. As the world, and illicit actors, have moved to the digital space, FATF, now 38 nations strong, has set its sights on preventing money laundering in cryptocurrency.
This webinar is hosted by TRM Labs, a blockchain analytics company. We work with crypto businesses, financial institutions and government agencies to monitor, detect and investigate fraud and financial crime in crypto.
Ari Redbord (moderator)
Head of Legal and Government Affairs, TRM Labs
Ari Redbord is Head of Legal and Government Affairs at TRM Labs, a blockchain analytics company. Prior to joining TRM Labs, he served as a Senior Advisor to the Deputy Secretary and the Under Secretary for Terrorism and Financial Intelligence at the United States Department of Treasury. In this capacity, he worked with teams from the Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), and other Treasury and interagency components on issues related to sanctions, the Bank Secrecy Act, cryptocurrency, and anti-money laundering strategies.
Previously, Mr. Redbord served as a Senior Assistant United States Attorney for the District of Columbia, where he investigated and prosecuted cases related to cryptocurrency, terrorist financing, sanctions evasion, export control, child exploitation and human trafficking. He has received numerous awards from FinCEN, the FBI, and the United States Attorney's Office, including the Attorney General's Award for leading an interagency task force dedicated to prosecuting those who abuse and exploit children.
Assistant Commissioner of International Affairs Office, Financial Services Agency, Japan (JFSA)
Habuchi Takahide is Assistant Commissioner of International Affairs Office, Japan's Financial Services Agency(JFSA) who leads JFSA at FATF. Takahide assumed the current position in July 2019 and currently co-chairs Virtual Asset Contact Group(VACG) of FATF. As a Co-chair of VACG, he led a number of FATF's dialogues with private sectors, the FATF initiative to produce a report on first and second 12-month review on virtual assets and virtual assets service providers in 2019 and in 2020 and contributed to producing a FATF G20 report on stablecoins in 2019. He has also been leading FATF initiatives to revise its guidance on Vas/VASPs. Before assuming current position, he has many years of experiences at JFSA and central bank of Japan(BOJ), including the supervision and monitoring of banks and financial market infrastructures. He has degrees of an MBA from The Fuqua School of Business at Duke University and Bachelor of Laws at The University of Tokyo.
Assistant Director of Financial Transparency, U.S. Treasury, Office of Terrorist Financing and Financial Crimes
Jonathan Fishman is the acting Assistant Director of Financial Transparency and a senior policy advisor in the U.S. Treasury’s Office of Terrorist Financing and Financial Crimes, where he leads initiatives related to digital assets, fintech, payment systems, cyber, money services businesses, remittances, derisking, correspondent banking, and real estate. Previously, he worked for Western Union on the Global Risk Assessment team, for the U.S. Department of Defense, the U.S. Department of the Army, and at Booz Allen and Hamilton. Mr. Fishman has a Bachelor’s Degree from the University of Virginia and a Master’s Degree from Georgetown University.