International Risks Posed By Digital Currencies Webinar

Practices: Risk Management

With the proliferation of Bitcoin and other virtual currencies, which provide a means to facilitate transactions outside of the global financial system (in many cases, on an anonymous basis), companies must account for the attendant sanctions, money laundering, and corruption risks posed by digital currency transactions. 

In this webinar recording, attorneys Ryan Rohlfsen, Ama Adams and Brendan Hanifin discussed this topic in depth, covering: 

  • Economic Sanctions: the various sanctions risks presented by virtual currency transactions, and the difficulties of attempting to ensure compliance when transacting with anonymous counterparties; 
  • Money Laundering: the application of U.S. money laundering laws to digital currency transactions, including lessons from enforcement actions and regulator guidance;  
  • Corruption: corruption risk presented by the rise of state-sponsored digital currency platforms, and the use of the U.S. Foreign Corrupt Practices Act to prosecute violations. 

About Ropes & Gray’s Risk Management Offerings

Ropes & Gray offers a comprehensive suite of risk assessment and advisory services that provides an efficient, harmonized approach for addressing complex risks. By evaluating risk across the entire enterprise, Ropes & Gray’s risk management offerings enable organizations to identify, monitor, and mitigate or eliminate risks across an organization. 

Ropes & Gray’s anti-corruption and international risk attorneys work with clients across industries and geographies to identify risks, ensure compliance and defend against government investigations. Working hand-in-hand with colleagues from our leading government enforcement, securities enforcement and litigation, private equity, life sciences, FDA, and investment management practices, our attorneys frequently handle matters involving anti-corruption laws, economic sanctions, export control regulations, and anti-money laundering laws.

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