Implications for 2017 and Beyond
Credits Awarded: 1 CAMS, 1.25 CRCM
Since we last held a presentation of cryptocurrencies, new entrants such as Monero have joined the fray, making tracking of virtual monetary transactions challenging. The blockchain with Bitcoin and other cryptocurrencies are relatively new concepts in the banking world. These unconventional payment technologies can pose threats to anti-money laundering efforts, yet we can expect the industry’s year-over-year usage continue to grow in 2017.
This session will cover how cryptocurrencies are used and steps that financial institutions can take to enhance their due diligence on cryptocurrency transactions.
Meet Your Presenter
Chief Product Officer
John Meyer currently serves as the Chief Product Officer for Banker’s Toolbox, a leading provider of anti-money laundering and financial crime detection software. Prior to Banker’s Toolbox, John served as an executive with Harland Financial Solutions (now D+H). The teams he managed provided teller, new account, internet banking, and BSA/CIP solutions for over 2,000 Financial Institutions. John also worked for a community bank in Western Pennsylvania. He holds a BS in Computer Science from the United States Military Academy at West Point and an MBA from the University of Washington.
For more information on Banker’s Toolbox, a leading provider of AML software and fraud prevention detection, visit bankerstoolbox.com.