A Guide to Anti-Money Laundering for Crypto Firms

The Story of the FinCEN Files: In conversation with Jason Leopold

In Conversation with Jason Leopold

The Story of the FinCEN Files

In September 2020, more than 2,500 documents were leaked from the United States Treasury’s Financial Crimes Enforcement Network (FinCEN), detailing hundreds of thousands of suspicious activities reported by global banking and financial institutions. The leak totalling more than $2 trillion in transactions exposed the widespread failure of financial institutions and FinCEN to deal with significant patterns of international money laundering, despite having the financial intelligence to act.Coordinated by Buzzfeed News and involving 108 news organisations in 88 countries, the story, like the Panama Papers before it, highlighted the need for a serious global conversations about money laundering. The impacts have been slow but from the UK’s Companies House reform to the US’s AMLA reform, it has begun to encourage a clamp down on longstanding money laundering loopholes and gaps. Join Vatsa Narasimha, COO & CFO, ComplyAdvantage as he talks to the journalist behind the story, Jason Leopold, Senior Investigative Reporter, BuzzFeed News about how the story came about, the international reaction and what comes next. 

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Jason Leopold, Senior Investigative Reporter, BuzzFeed News

Jason Leopold is an Emmy nominated investigative reporter on the BuzzFeed News investigations team and a member of the reporting team named a 2018 finalist for the Pulitzer Prize in international reporting. Leopold was one of the lead reporter’s on BuzzFeed News’ groundbreaking FinCEN Files investigation. Leopold’s Freedom of Information Act work has been profiled by dozens of radio, television, and print outlets, including a 2015 front-page story in the New York Times. Politico referred to Leopold as “perhaps the most prolific Freedom of Information requester.”  In 2016, Leopold was awarded the FOI award from Investigative Reporters & Editors and was inducted into the National Freedom of Information Hall of Fame by the Newseum Institute. 

Vatsa Narasimha, COO & CFO, ComplyAdvantage

Vatsa Narasimha is the COO & CFO of ComplyAdvantage and has deep expertise in operating and driving growth in financial institutions and fintechs. Prior to ComplyAdvantage, Vatsa was the President and CEO of OANDA Corporation. Vatsa joined OANDA from The Boston Consulting Group. He holds a MS in Electrical Engineering from Cornell University and an MBA from The Wharton School of the University of Pennsylvania.