New Methods of Payment and Financial Crime

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This is the second in a series of three joint RUSI/Standard Chartered webinars. The other two webinars in this series cover ‘Detecting and Seizing the Proceeds of Cybercrime’ and ‘A New Model for Tackling Cyber-Enabled Fraud’.

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The emergence of new financial services and methods of payment, from fintechs to cryptocurrencies, has brought greater variety and choice to communities. As is inevitable with most innovations, their advantages have not been lost on criminal groups. These sectors face financial crime risks different from those in traditional banking, but they can also make use of new opportunities for detecting and disrupting criminal financial flows. In addition, traditional banks, which provide banking services to fintechs and virtual asset service providers, remain a key line of defence.

This webinar considered the role of all these stakeholders in tackling financial crime, including the current financial threat landscape in relation to new methods of payment including cryptocurrencies, how money laundering can be detected, priorities and best practices in managing exposure, and recent developments in response to the FATF’s standards for virtual asset service providers.

Speakers include:

  • Vincent Li - Chief Compliance Officer, Ant Bank (Hong Kong)
  • Malcolm Wright - Advisory Council Chair, Global Digital Finance & CCO Diginex 
  • Chris Kiewsmith - Compliance (Cryptoassets), Standard Chartered
  • Kayla Izenman - Research Analyst, Centre for Financial Crime & Security Studies, RUSI

The session will be chaired by Catherine Woods, Financial Crime Compliance Outreach, Standard Chartered.

The webinar is organised jointly by RUSI and Standard Chartered.

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