The impact of Janet Yellen on National Security and AML in 2021
Anti-Money Laundering

The impact of Janet Yellen on National Security and AML in 2021

Janet Yellen’s confirmation as treasury secretary is bound to have a significant impact on a range of issues, including but not limited to: Coronavirus and spending: PPP relief, and the potential for increased synthetic fraud China: Changes in sanctions, particularly related to China, Russia and North Korea Money laundering, and combatting terrorism and international financial…

Frank Slootman: “no strategy is better than its execution”
Management

Frank Slootman: “no strategy is better than its execution”

“The board saw [the former CEO] taking Snowflake to the moon and believed Slootman could pilot the ship to Mars.” Frank Slootman is the CEO of Snowflake, and is one of the most well credentialled CEO’s in Silicon Valley, having taken two previous companies, Data Domain and ServiceNow to IPO. He has also written a…

What does the OCC Interpretive Letter mean regarding INVN and Stablecoins means for Payment Companies?
Anti-Money Laundering

What does the OCC Interpretive Letter mean regarding INVN and Stablecoins means for Payment Companies?

The former Coinbase Chief Legal Officer, who is now Chief Comptroller of the OCC, issued an interpretive letter stating that it was fine for banks to use stablecoins and INVN’s (“blockchains”) Winners: Crypto Exchanges like Coinbase. Banks will have to have a treasury function to exchange fiat to crypto.  Tether and other well known Stablecoins…

Anti-Money Laundering | Crypto

Is OCC Comptroller Brian Brooks is driving the big crypto price boom?

  It’s not just hedge funds that are driving the crypto price boom: structural pressure from OCC Comptroller Brian Brooks is also important. As we know from the life of Robert Moses, the post-war New York bureaucrat lionized as the Baron von Hausmann of New York, “bureaucrats” are capable of yielding vast power through relatively…