1. Cryptocurrency Panel Jeffrey Alberts, Partner FinTech and Financial Institutions, Pryor Cashman Gabriel I. Hidalgo, Esq., Chief Compliance Officer Noble Bank Brandon Lee, Associate Managing Director Regulatory Compliance, K2 Intelligence

2. Moderator: Brandon Lee
Brandon Lee is an associate managing director in K2 Intelligence’s Regulatory Compliance practice, based in New York. Brandon has held senior AML and financial crimes compliance roles at large-complex banking and non-banking financial institutions. Cumulatively, he has advised clients in the money services businesses, retail and investment banking, broker-dealers, insurance, futures commission merchants, energy markets, trade finance, challenger banking, canna-banking, hedge funds, and cryptocurrency exchanges & wallets on developing risk-based financial crimes compliance programs. In 2008, Brandon led a Big-4 AML practice’s entry into and development in South Korea, and advised the local banking compliance and regulatory community ahead of FATF’s first mutual evaluation.

3. Panelist: Jeffrey Alberts
Jeffrey Alberts co-chairs Pryor Cashman’s FinTech and Financial Institutions Groups. He has in-depth knowledge of the growing virtual currency sector and the subsequent government efforts to regulate virtual currency companies, and is frequently sought out by the media for his insights in these areas. Additionally, Jeffrey is a participating attorney in the Digital Currency & Ledger Defense Coalition (DCLDC), an organization which protects individual constitutional rights and civil liberties in connection with regulatory and law enforcement scrutiny relating to digital currencies and ledgers. Before joining Pryor Cashman in 2013, Jeffrey spent six years with the U.S. Attorney’s Office for the Southern District of New York where he investigated and prosecuted a wide variety of white collar criminal offenses.

4. Panelist: Gabriel Hidalgo
Gabriel (Gabe) I. Hidalgo is the Chief Compliance Officer for Noble Bank International. Gabe is a recognized Compliance expert, in the financial institutional space, where he has created, designed and implemented various compliance programs. He specializes in analyzing novel technology based products/services to identify and implement the appropriate risk based compliance controls. He has led and advised compliance departments and teams at several different organizations including the Federal Reserve Bank of New York, Morgan Stanley, Capital One Bank, HSBC, itBit Trust Company and Deloitte FAS.

5. Polling Question
How many of you have dealt / deal with cryptocurrency on a personal level?
How many of you have dealt / deal with cryptocurrency on a professional level?

6. Cryptocurrency 101 Using Bitcoin as a general example Creation
Units of Bitcoin are created by computers solving algorithms.
Distribution and Recordkeeping
A record of the creation and distribution of Bitcoin is maintained on the Blockchain.
Decentralized Bitcoin Platform
No one owns the Blockchain.
Value and Usage
Price for Bitcoin is based on the Market (demand and limited supply).
Bitcoin can be used to transfer wealth or in exchange for goods.
Financial System Concerns
Bitcoin wallets do not contain identifying information (No PII)
Potential Money Laundering avenue due to ease of wallet creation and effortless cross border transfers
Available Control Points
Bitcoin to Fiat Conversion – requires an Exchange or Bank
Wallet registration that includes CIP and Due Diligence
3rd Party Analytics vendors cooperation with Law Enforcement and regulated financial institutions

7. Topics of discussion
Why should we care about the cryptocurrency ecosystem?
What are some key risk indicators and drivers?
What does the regulatory landscape (U.S. & internationally) look like?
How are technology solutions (e.g., RegTech) enabling risk management?
What does the future hold for the cryptocurrency ecosystem?

8. Any questions?
Q & A