Conversations: Ross Delston, Attorney & Expert Witness

Course Duration: 30 minutes
Course Points: 

On Fridays with Fintelekt this week, host Shirish Pathak, Managing Director, Fintelekt is joined by Ross Delston, Expert witness, attorney & former US banking regulator (FDIC), who shares his varied experiences in policy responses to trade-based money laundering and trade-based terrorist financing, anti-corruption, corporate transparency and the risks from new technologies.

Our key picks from this interesting conversation full of anecdotes and experiences from Ross’s long career are: 

  • There hasn’t been much progress in combating TBML and that all elements in the trade supply chain should be covered by an AML programme, and made to file STR reports to achieve any tangible results. 
  • Ross compares the new AML law in the US, especially in the area of public access to beneficial ownership registries, with that across the European Union, India and other countries.
  • On NFTs and ICOs, he believes speculation may be a more important issue than money laundering fuelled by the huge rise in prices of various classes of assets over the years.
  • Conviction rates in money laundering are often low because understanding the flow of money, and especially explaining it to a jury, is difficult and it may be easier to prosecute the predicate crime rather than money laundering.

For more expert comments, please view the entire episode. 

Expert Speak: Claire Wilson, Holland & Marie

Course Duration: 41 minutes
Course Points: 40

Claire Wilson, Partner, Holland & Marie speaks about Developments in Virtual Assets in this presentation from Fintelekt Asia AML/CFT 3rd Annual Summit 2021, held virtually from July 5-9, 2021.

Expert Speak: Pamela Clegg, CipherTrace

Course Duration: 36 minutes
Course Points: 35

In this presentation, Pamela Clegg, Director of Financial Investigations & Education, CipherTrace talked about Investigation, Seizure and Confiscation of Virtual Assets. She shared findings from The CipherTrace Cryptocurrency Intelligence Report and talked about handling risky Virtual Asset Service Providers (VASPs).

This presentation was part of the AMLC-Fintelekt AML/CTF Summit Philippines 2020, conducted virtually from November 23rd – 27th, 2020.

Expert Speak: Malcolm Wright, 100x Group

Course Duration: 19 minutes
Course Points: 15

Malcolm Wright, Chief Compliance Officer, 100x Group & Advisory Council Chair, Global Digital Finance speaks on mitigating AML/CFT risks from virtual assets, busting commonly held myths about virtual assets, FATF recommendations and Public-Private initiatives in this presentation from Fintelekt’s South Asia AML/CFT 10th Annual Summit 2020 held virtually from December 7-9, 2020.

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