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Cross-Border Digital Asset Payments: What You Need to Know About Regulations in the U.S. and Canada

July 16, 2020 • Webinar

Starts: 12:00 PM (EDT)
Ends: 1:00 PM (EDT)

Governments globally are implementing new regulations or broadening old ones in response to the growing popularity of digital assets—particularly as digital assets are more frequently used for cross-border money transfers. The U.S. and Canada are no exception. For platforms in the U.S., Canada, and other locations, new anti-money laundering rules and registration requirements not only present challenges for entities in the space, but also new opportunities.  

Please join Crowell & Moring and McCarthy Tétrault on July 16th for a live webinar event. This webinar will feature U.S. and Canadian financial services lawyers who will discuss regulatory developments in both the U.S. and Canada, such as amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act and what it means for money servicing businesses, including:

  • The New Law: What are the recent changes to Canadian anti-money laundering laws and whom do they apply to? 
  • Compliance Obligations: What requirements and obligations must we comply with? 
  • Cross-border Considerations: What if my business is based in one jurisdiction but providing services to customers who are based in another? What does it take for a digital asset or digital currency business to expand its operations into Canada, or new countries in general?
  • Jurisdictional Reach: When would a crypto or digital asset business have to comply with foreign securities laws and, in particular, U.S. or Canadian securities laws? 
  • Looking Forward: Can digital currency or digital asset businesses expect to see greater federal oversight over money transmission or anti-money laundering laws? What solutions or efforts have been proposed?
Moderator:

  • Ambassador Robert Holleyman, Partner, Crowell & Moring LLP; President & CEO, Crowell & Moring International LLC; and Former Deputy U.S. Trade Representative
Speakers:

  • Michelle Gitlitz, Partner and Global Head of Blockchain and Digital Assets practice, Crowell & Moring LLP
  • Carlton Greene, Partner, International Trade and White Collar & Regulatory Enforcement practices, Crowell & Moring LLP
  • Ana Badour, Partner and Co-leader of FinTech practice, McCarthy Tétrault
  • Dean Masse, Partner and Co-leader of Structured Finance practice, McCarthy Tétrault
  • Jorge Pesok, Counsel, White Collar & Regulatory Enforcement and Blockchain and Digital Assets practices, Crowell & Moring LLP

Contact: Crowell & Moring Events (events@crowellevents.com)

Register
Crowell & Moring Participant(s):
Michelle Ann Gitlitz
Partner – New York
Phone: +1 212.895.4334
Email: mgitlitz@crowell.com
Carlton Greene
Partner – Washington, D.C.
Phone: +1 202.624.2818
Email: cgreene@crowell.com
Jorge Pesok
Counsel – New York
Phone: +1 212.803.4073
Email: jpesok@crowell.com