Unpacking DOJ's Crypto Enforcement Framework
A discussion of DOJ's enforcement framework and recent actions
Streaming here on:
Wednesday, October 27 at 9:00am PT / 12:00pm ET
This month, the US Department of Justice published an 83-page Enforcement Framework. The Report gives a detailed look at legitimate uses of cryptocurrencies, the risks of illicit activity, and federal enforcement challenges and strategies.
Please join our first in a monthly series of TRM Talks with the Chair of the Crypto Enforcement Framework Task Force and former Associate Deputy Attorney General Sujit Raman, Jessie K. Liu, former United States Attorney for the District of Columbia, and Supervisory Special Agent Greg Monahan, Cyber Crimes Unit, IRS-Criminal Investigation.
Our panelists will discuss DOJ's new cryptocurrency enforcement framework; the ways in which the interagency focuses on cryptocurrency; and how the interagency works in close coordination in the cryptocurrency space, as highlighted by a number of recent investigations and enforcement actions.
Head of Legal and Government Affairs at TRM Labs
Ari Redbord is Head of Legal and Government Affairs at TRM Labs, a blockchain analytics company that helps organizations detect, assess and investigate crypto-related fraud and financial crime. Prior to his role at TRM, Ari was the Senior Advisor to the Deputy Secretary and the Undersecretary for Terrorism and Financial Intelligence at the United States Treasury. In that position, he worked with teams from the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), and other Treasury components to deploy sanctions and other regulatory tools against threat actors, including terrorist financiers, weapons of mass destruction proliferators, drug kingpins, and other rogue actors, including Iran, Syria, North Korea and Venezuela. In addition, Ari worked closely with regulators, the Hill and the interagency on issues related to the Bank Secrecy Act, cryptocurrency, and anti-money laundering strategies.
Prior to Treasury, Ari was an Assistant United States Attorney for the District of Columbia for eleven years where he investigated and prosecuted terrorism, espionage, threat finance, cryptocurrency, export control, child exploitation and human trafficking cases.
Greg Monahan, CPA
Supervisory Special Agent, Cyber Crime Unit, IRS Criminal Investigation
Greg Monahan, Supervisory Special Agent, Cyber Crimes Unit (CCU), IRS Criminal Investigation, has worked for the US Government for over 25 years, most of which, with IRS-Criminal Investigation. Over the last 4½ years, he has been leading the Washington DC Field Office’s CCU Cyber Crimes Unit which has investigated many of the most significant, high profile cyber investigations, which include the recent Twitter hack, the global disruption and dismantling of three terrorist financing cyber-enabled campaigns involving al-Qassam Brigades, al-Qaeda and ISIS, the North Korean-related Exchange Hack of $250 million, Welcome to Video and BTC-e to name a few.
Jessie K. Liu
Partner at Skadden and the former United States Attorney for the District of Columbia
Jessie K. Liu, is a partner at Skadden and the former United States Attorney for the District of Columbia. As United States Attorney, Ms. Liu headed up the largest U.S. Attorney's Office in the nation and, among other things, created a Threat Finance Unit that focused on cases involving terrorist financing, cybercrime, money laundering and cryptocurrency. This unit was responsible for prosecuting critical national security cases involving cryptocurrency including Welcome to Video, Dark Scandals, Helix, North Korea, Hamas/Al Qaeda and ISIS.
Partner at Sidley Austin LLP and the former Associate Deputy Attorney General at the U.S. Department of Justice
Sujit Raman is a partner at Sidley Austin LLP, having recently concluded his service as and the former Associate Deputy Attorney General at the U.S. Department of Justice (DOJ). In that role, Mr. Raman personally advised the Attorney General and Deputy Attorney General in their oversight of the nation’s cyber-related criminal and national security investigations and prosecutions. Mr. Raman also led DOJ’s policy formulation in a number of critical areas, including cybersecurity, cross-border data transfers and protection, 5G/supply chain security, and emerging technologies such as facial recognition, cryptocurrency, and encryption. As Chair of the Attorney General’s Cyber-Digital Task Force, Mr. Raman testified before the U.S. Senate on the nation’s cyber policy priorities, and was responsible for leading formulation of DOJ’s policy and operational response to transnational cybercrime, nation-state-sponsored malign cyber activity, and online foreign influence operations. Earlier this month, under his leadership, the Task Force issued a document called “Cryptocurrency: An Enforcement Framework,” which the Attorney General described as “a cohesive, first-of-its-kind framework for those seeking to understand federal enforcement priorities in this growing space.”