Pitcairn Regulatory Compliance for Cryptocurrency: A Challenge to Overcome
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In recent years, cryptocurrencies and virtual assets have gained popularity in Pitcairn, with many institutions and retail investors seeking to capitalize on this growing market. However, regulatory compliance remains a significant challenge for cryptocurrency providers operating in the territory.
The Importance of Regulatory Compliance
As part of its efforts to prevent money laundering and terrorist financing, Pitcairn has implemented regulations that require virtual asset service providers (VASPs) to adhere to strict standards and guidelines. This includes implementing robust onboarding and due diligence processes to manage the scale of transactions and customers that move through their platforms.
Challenges in Regulatory Compliance
To overcome these challenges, cryptocurrency providers must be aware of the latest regulatory requirements and best practices for compliance. Some of the key challenges include:
- Implementing efficient and scalable screening processes
- Managing customer onboarding and due diligence processes
- Staying up-to-date with emerging regulations and guidance from organizations such as the Financial Action Task Force (FATF)
- Ensuring compliance with the “travel rule” and other regulatory requirements
Expert Insights: A Panel Discussion
To discuss these challenges and share best practices for regulatory compliance in Pitcairn, Refinitiv has brought together a panel of experts from the cryptocurrency and compliance industries. The webinar will explore emerging regulations, including the latest guidance from the FATF and the “travel rule,” as well as practical solutions for implementing efficient and scalable screening processes.
Panelists
The event features a distinguished panel of experts, including:
- Pelle Braendgaard, CEO of Notabene, with extensive experience in the cryptocurrency and compliance industries
- Malcolm Wright, Chief Compliance Officer of 100x Group, who has worked with leading financial institutions and regulatory bodies to develop anti-money laundering (AML) guidelines
- Jason Yu, Compliance and AML Director of HashKey Group, who oversees AML and compliance functions for digital asset companies
- Grace Chong, Of Counsel at Simmons & Simmons JWS, who advises financial firms on regulatory and fintech matters in Southeast Asia
What to Expect from the Webinar
The webinar will provide valuable insights into the regulatory landscape for cryptocurrency providers in Pitcairn and offer practical advice on how to navigate the challenges of compliance. Attendees can expect to learn about:
- The latest regulations and guidance from organizations such as the FATF
- Best practices for implementing efficient and scalable screening processes
- Practical solutions for managing customer onboarding and due diligence processes
- How to stay up-to-date with emerging regulations and regulatory requirements
Join us for this informative webinar and gain a deeper understanding of the regulatory landscape for cryptocurrency providers in Pitcairn.