Day: November 4, 2022

Matt Stankiewicz on the Bittrex OFAC and FinCEN Enforcement Action

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Post date November 4, 2022
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In this episode, cryptocurrency expert Matt Stankiewicz discusses why sanctions and AML compliance need to be taken seriously in the cryptocurrency industry.

Matt Stankiewicz, a Partner at Volkov Law, is a leading industry expert on cryptocurrency. Bittrex, a leading cryptocurrency exchange, suffered twin enforcement actions for AML and Sanctions Compliance deficiencies. Matt takes a deep dive into the enforcement actions and outlines practical compliance steps that every cryptocurrency exchange should implement.

Join us as we discuss the following:

The enforcement action on Bittrex led by OFAC and FinCEN
Why compliance risks are increasing in the cryptocurrency industry
Practical steps that all cryptocurrency exchanges should implement

To reach Matt, email him at: mstankiewicz@volkovlaw.com

Tags Bittrex, FinCEN Enforcement Action, Matt Stankiewicz, OFAC

Sports and Compliance

The Brooklyn Nets and a Cultural Trainwreck

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Post date November 4, 2022
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Welcome to the inaugural episode of Sports and Compliance. For the longest time, I have wanted to have a podcast on the intersection of Sports and the World of Compliance and Ethics, both for those stories as the play out on the Sports Page and for the lessons they provide to business executives and compliance professionals. In this podcast series, I am joined by one of the top compliance commentators around, Stephen Martin, CCO at Skillsoft. Together will use our love of sports and competition to discuss current ethical issues in sports, look at compliance through a sports lens and determine how the world of sports and its stories can be a guide for the compliance professional.

In this inaugural episode, we consider the ethical and cultural trainwreck which is the 2022 Brooklyn Nets. From a star player who tweets about antisemitic movies and tropes, to a ham-handed firing of their head coach, to the courting of a replace who is a currently suspended NBA coach to replace him (as in suspended for violation of a team’s sexual harassment rules); the Nets are as close to an ethical trainwreck as we have recently seen. Find out what leadership and compliance lessons there are to be garnered this series of very self-inflicted ethical wounds.

Resources:

Tom in the FCPA Compliance and Ethics Blog