Thank you for joining us at our premiere event! This was a unique in-person gathering in an almost full room of AML and CTF professionals from crypto and traditional finance.
Some key takeaways:
– While organised crime is driven by financial interests, extremist organisations are driven by something much bigger and stronger – Ideology.
– The risks of crypto used as a financing method are there but are not big and it is getting smaller as the industry evolves.
– All extremist organisations that were subject to the investigation were using crypto as well. Crypto is a standard asset used by the extremists.
– Cash and traditional finance is still the main funding method for extremists.
– The crypto industry is maturing and has tools and methods to detect and prevent extremism-related transactions.
Monitoring is not enough, diligent OSINT-based investigations or data enrichment is necessary.
– Estonian VASPs are submitting TFR to the FIU, but only a small % of them.
– All stakeholders are working towards the same goal, we need to work together, share information, organise public/private events, workshops …
– Embedded finance, NFTs, and Metaverse create regulatory blackspots and new challenges.
A big thanks to our keynote speakers Dr. Hans-Jakob Schindler from Counter Extremism Project (CEP), Thomas Ball from BerFin Advisory, Thomas de Zoete from Chainalysis, CTF expert from the Estonian FIU and Dejan Davidovic from Kriptomat for moderating the event.
We are already working on the next event in autumn time.
