In the wake of the invasion of Ukraine, we have seen a wave of U.S. and European sanctions targeting Russia. Key financial institutions, the Russian Central bank, elites, key sectors such as energy, mining, telecommunications, and transportation have all been hit. Will Russia turn to cryptocurrency to evade sanctions?
TRM Talks is joined by Carole House, Director for Cybersecurity and Secure Digital Innovation for the White House National Security Council (NSC) and Todd Conklin, Counselor to the Deputy Secretary of the U.S. Treasury, to discuss Russia sanctions, the possibility of sanctioned Russian actors using crypto to evade sanctions, and how Treasury, the White House, and the U.S. government intend to enforce escalating sanctions on Russia.
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.
Director of Cybersecurity, National Security Council
Carole House is the Director for Cybersecurity and Secure Digital Innovation for the White House National Security Council (NSC). Carole joins the NSC from the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), where she led cybersecurity, virtual currency, and emerging technology policy efforts as a Senior Cyber and Emerging Technology Policy Officer. Prior to FinCEN, she worked as a Presidential Management Fellow supporting the White House Office of Management and Budget's Cyber and National Security Unit and the U.S. Senate Committee on Homeland Security and Governmental Affairs on cybersecurity, supply chain risk management, and critical infrastructure protection policy issues. Carole is a former Army Captain who served in chemical defense and military intelligence until November 2014, including a deployment to Kandahar Province, Afghanistan, from 2012 to 2013 in support of Operation Enduring Freedom. She holds a BA in international affairs from the University of Georgia and an MA in security studies from Georgetown University.
Counselor to the Deputy Secretary of the U.S. Treasury Department
Todd Conklin is a counselor to the Deputy Secretary of the U.S. Treasury Department.
Todd Conklin currently leads Treasury's cybersecurity portfolio under Deputy Secretary Adeyemo, while also serving as Treasury's Chief Information Officer for Intelligence Platforms and Innovation. Todd previously served as Chief Data Officer for Terrorism and Financial Intelligence (TFI). As Chief Data Officer, Mr. Conklin led TFI’s data analytics program and worked to develop a centralized data analytics platform while also chairing the TFI Data Governance Board.
Mr. Conklin has more than 15 years of experience with TFI and the Department of the Treasury. He initially joined Treasury's Office of Foreign Assets Control in 2007, most recently serving as Deputy Associate Director for the Office of Global Targeting. From 2011 to 2013, Mr. Conklin served as OFAC's Attaché to Mexico and Central America and from 2010 to 2011, he served as OFAC Liaison to Afghanistan's National Interdiction Unit. In addition to his Treasury experience, Todd has a combination of private sector, intelligence, and law enforcement experience having worked in various positions at Exxon Mobil Corporation.
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.