What is Bitcoin? It is a difficult question to answer since Bitcoin operates in many fields of science: math, cryptography, computer science, economics, game theory, history of money, finance, psychology, governance and law, and probably others. This is why it’s not so easy to fully understand what it is and what it means for human civilization. This is what we, at ThatCrypto, try to figure out and educate the community. This is also relevant to other ever-emerging crypto assets.
Today we will talk with Amber Scott, AML expert, founder and CEO of Outlier Solution and her teammate Rodney MacInnes about Canadian regulations regarding “virtual currencies” in light of the new guidelines published on July 10, 2019.
If you want to learn how to be compliant as a business in blockchain space or an investor in cryptocurrencies this meetup is for you.
Amber Scott is a compliance geek with a passion for technology.
After graduating from the University of Waterloo, Amber joined the compliance group at one of Canada’s largest insurers where she focused on the implementation of technology-based processes to streamline compliance. She has since worked in in-house roles with major securities firms and banks. Somewhere along the line, she added MBA, CBP, and a few other letters after her name.
Amber joined a boutique compliance consulting firm, then larger consulting firm, before getting frustrated enough with the status quo to launch Outlier Solutions Inc. (Outlier) in 2013. Outlier specializes in anti-money laundering (AML) and privacy compliance.
Amber is a firm believer in the idea that good compliance can enable good business.
Rodney MacInnes is a COO and AML Compliance Ninja at Outlier Solutions.
Rodney’s financial compliance experience includes anti money laundering (AML), counter terrorist financing (CTF), Fraud and Legislative Compliance Management (LCM). He has worked in-house with money services businesses (MSBs), residential mortgage companies, corporate trusts, transfer services (stock certificate issuance) and financial institutions, and is excited to be consulting with those industries and more. He became a Certified Anti-Money Laundering Specialist (CAMS) in early 2011 and is also a graduate of the Canadian Institute Financial Crime Analysis course at Seneca College.
When he first moved to Toronto, Rodney was working in business development with a large MSB. Within his first few days, Rodney was obligated to attend an AML and CTF compliance training session with the company’s Chief Compliance Officer (CCO). Once Rodney had completed the training, the CCO asked him if he would like to hear something ‘cool’? The CCO told him that he had just gotten off the phone with the Deputy Director of the US Federal Bureau of Investigations (FBI). Although minimal detail provided about the purpose of the call was disclosed, his interest was piqued. Rodney was hooked, and jumped at the chance to move to a position in compliance.
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