A former staffer of the United States Treasury’s Financial Crimes Enforcement Network (FinCEN) will address the virtual currency community at the New York City Bar Association in Manhattan on Wednesday, August 13th.
Thomas Fleming will be making an address at the Virtual Currencies Compliance Conference (also known as VC3) — an event hosted by the National Money Transmitters Association.
Fleming is recognized as an expert on anti-money laundering and the Bank Secrecy Act, and previously worked as a banker for 22 years before taking a job with the federal government as an Assistant Director of FinCEN. He has spoken extensively around the world on BSA/AML issues.
Fleming’s talking points will include FinCEN’s recent guidance on bitcoin, regulatory and legal challenges facing start-ups in today’s landscape, and even the recently-released regulation proposal released by the New York State Department of Financial Services.
He’s a founder of Tom Fleming & Associates, a firm that specializes in consulting on Bank Secrecy Act/anti-money laundering compliance.
An extensive list of other speaks taking to the podium at VC3 is available on the NMTA website (here’s a link). They include representatives of the Consumer Finance Protection Bureau, state regulators, law enforcement representatives, chief compliance officers working for ‘major’ bitcoin companies, surety brokers, investment bankers, and others.
It’s certainly panning out to be an interesting event, but perhaps not for your average bitcoin enthusiast. Instead, start-ups and other companies, along with federal entities may look to the event to gain better knowledge on how current regulation affects virtual currencies, in addition to the impact of future regulation.