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An interesting observations between SARs and the rise in crypto transactions. As Crypto exchanges reported a significant number of SARs. Maybe a correlation to the number of registered Money Services Businesses registered with FINCEN, the number of transactions processed or increased diligence of reporting.
Where there is an opportunity to exchange value, there is an opportunity for bad actors to try to exploit any platform. But you will find the main players in the crypto space are very sophisticated and have been investing a lot of time, energy and resources into making sure their platforms are safe from that kind of activity.¢â‚¬Â
Also an opportunity for regulatory oversight and in this case an opportunity to tune the information required for better oversight.
Ted Dziekanowski‚Â Brian McCarthy‚Â Jason Spezzano
#theaugustaplan‚Â #cybersecurity‚Â #cyberriskmanagement‚Â #regulatorycompliance‚Â #regulatoryoversight‚Â #cybercompliance‚Â #cyberregulation‚Â #cybergovernance‚Â #sec‚Â #cyberriskgovernance‚Â #ransomeware‚Â #csfprofiles‚Â #governance‚Â #nist‚Â #cyberinsurance‚Â #insurance‚Â #ecb‚Â #banking
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