Defining RegTech @ RegTech Summit US

Defining RegTech @ RegTech Summit US

On November 17, 2016, Stratis partner Brian Stoeckert hosted a breakfast briefing at the RegTech Summit US in New York City.  To kickoff the event, the objective was to set the table for the remainder of the one day conference exploring RegTech.  Initially, the focus was on choosing what to streamline and how innovation can deliver based on our… more

Q&A on FinTech Risk and Compliance

In the July – September edition of Risk & Compliance Magazine, Stratis partners Brian Stoeckert and Maria Potapov participated in a roundtable discussion on using FinTech to manage compliance and risk for financial institutions.  Below is an excerpt from the discussion: Q: In broad terms, what cost considerations should a financial institution make when determining whether to adopt a FinTech solution? Potapov: The “FIN”… more

FinTech and Banks Converge @ ACAMSNorCal’s 3rd Annual Emerging Payments and Technologies Conference

On July 30, the ACAMS Northern California Chapter hosted its 3rd Annual Emerging Payments and Technologies Half-Day Conference at Silicon Valley Bank.  The event brought together more than 100 representatives from banks, law enforcement, regulators, and FinTech startups located in the Bay Area.  The three sessions covered the following topics: Building Compliance Programs – This session included insight from… more

Stratis Trains Egmont Member Financial Intelligence Unit (FIU)

Last week, Stratis managing partner Brian Stoeckert (and CAMS-certified instructor and faculty) jetted off to an international destination to provide anti-money laundering (AML) training to a Financial Intelligence Unit (FIU).  The FIU is a member of the Egmont Group of Financial Intelligence Units. Under Egmont, “countries should establish a financial intelligence unit (FIU) that serves as a… more

Former NHL Player Pleas Guilty to Cash Structuring: Hockey, Gambling, and AML!

According to the Rochester Democrat and Chronicle out of Rochester, NY and Puck Daddy on Yahoo.com, former Buffalo Sabres defenseman Nathan Paetsch faces eight months home detention and must pay the U.S. government $265,000 as punishment for his role in an illegal gambling operation that was shut down last summer.  Paetsch, 32, pleaded guilty on Monday morning to… more

Treasury Issues 2015 National Money Laundering Risk Assessment, Highlights Vulnerabilities and Risks of MSBs

On Friday, June 12, 2015 the U.S. Department of Treasury issued National Money Laundering Risk Assessment (NMLRA) and the National Terrorist Financing Risk Assessment (NTFRA).  According to Treasury, the purpose of these assessments is to help the public and private sectors understand the money laundering and terrorist financing methods used in the United States, the risks that these… more

What We Said: ACAMS 3rd Annual AML & Financial Crimes Conference Canada

On June 8, 2015, Stratis Advisory’s Brian Stoeckert participated on a virtual currency panel entitled “Retooling Compliance Programs to Address Virtual Currencies” at the ACAMS 3rd Annual AML& Financial Crimes Conference in Toronto, Canada. The panel tackled a number of issues regarding Canadian and U.S. AML regulation of virtual currency use, companies operating in the ecosystem, and predictions… more

CoinComply and FC Strategy Group Merge to Form Stratis Advisory

CoinComply, a leader in compliance solutions for digital currency and FinTech companies, and FC Strategy Group, a provider of financial crimes advisory services, strategy, intelligence, and expert testimony to financial institutions and their legal counsel, have merged to form Stratis Advisory. The merger will enable both companies to meet growing demand for risk and compliance management solutions… more

FinCEN Director: Examinations of Virtual Currency Company BSA/AML Programs are Starting. Are you Ready?

On February 12, a number of anti-money laundering (“AML”) and Bank Secrecy Act (“BSA”) experts participated in an AML regulation panel on virtual currencies at the Foreign Affairs Cryptocurrency Forum at the Council on Foreign Relations.  Among those on the panel, including CoinComply’s Brian Stoeckert, was FinCEN’s Director Jennifer Shasky Calvery.   A number of topics were… more