Digital adventure continues to unfold!
- Paul Evans
- Sep 12
- 1 min read
Digital assets are evolving at breakneck speed.
It’s a fascinating space for governance professionals — but not the easiest to break into.
In my experience talking to candidates, for those moving from a major i-bank or large hedge funds, the key question is always:
What kind of outfit are they, and how stable is the business model?
AML, Sanctions & Financial Crime Risk: The Next Frontier
The Wolfsberg Group has just released guidance on banking services for fiat-backed stablecoin issuers — and it’s a big deal.
Key expectations include:
Robust transaction monitoring
Oversight of on-chain vs off-chain flows
Transparency in reserve account management
Financial institutions will need to move quickly to align with these new benchmarks before regulators make them mandatory.
At the same time, regulators are sharpening their focus on “mixed liability” in digital assets. Even if a firm isn’t directly moving illicit funds, simply being aware of exposure without acting can create serious compliance risk.
Bottom line: AML and sanctions compliance in the digital era isn’t just about blocking bad actors — it’s about demonstrating proactive governance across both digital and traditional operations.
Do you think traditional compliance frameworks are ready for this level of digital asset oversight?
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