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Crypto Currencies – what do you have to lose?

February 25 @ 12:00 pm - 1:00 pm GMT

cryptocurrency

Networking event, London Society

Summary
What is Bitcoin and why does it exist? What’s the benefits & risks? Want to learn more?
Book here to reserve your place.

What is Bitcoin and why does it exist?
The most common Crypto Currency, Bitcoin, was issued in 2009 by a mystery man called Satoshi Nakamoto whose identity has never been revealed. The idea of a de-centralised currency is the dream of its creators who decry the role of government central banks creating USD and other currencies ‘out of thin air’ whenever required e.g. to deal with the current pandemic.

What’s the benefits & risks?
Bitcoin is different as only 21 million bitcoins will ever be issued. No government is in control. Digital exchanges allow retail and institutional investors to buy bitcoins with USD and other major currencies. Most of these investors are speculators, people trying to make money as the crypto asset’s valuation changes and millennials persuaded by online and billboard advertising. Bitcoin has attracted considerable institutional investor interest recently and its price has increased by over 300% in 2020.

Want to learn more?
Join Chartered Accountants Ireland London Society in exploring the financial crime risks Chartered Accountants face when accepting and advising clients on crypto currency assets.

The discussion will be Chaired by BDO Partner Angela Foyle, who chairs the CCAB Economic Crime Panel, who will be joined by Craig Gleeson (National Crime Agency) and Marcus Peckham (Barclays) and be based around a real life case study with Q&A to follow.

 

Biographies

Angela Foyle is Chair of the CCAB (Consultative Committee of Accountancy Bodies) Economic Crime Task Force and a partner at BDO responsible for the firm’s adherence to Economic Crime Regulation. Angela’s extensive experience of working with Accountancy Europe on European co-operation to eradicate Money Laundering, Economic Sanctions, Bribery and Corruption and Hunan Trafficking (amongst other economic crime areas) makes her a fascinating wealth of knowledge of where the accountancy profession needs to continue co-operation and maintain public trust.

Craig Gleeson
Craig Gleeson is the lead expert on the use of Cryptocurrency in illicit finance for the National Economic Crime Centre (NECC), within the NCA. Over the past six years he has been developing sensitive intelligence and advising active operational activity targeting high harm offenders proliferating card fraud offences across the dark web using virtual assets to launder the proceeds of crime; both in the UK and internationally. Craig regularly contributes to national NCA & HMG assessment products, as well as FATF content on the topic of laundering through cryptocurrency and is active in raising awareness of the threat across the public and private sectors.

Marcus Peckham – Barclays Financial Crime
Marcus Peckham has spent the last 20 years if his 37 year tenure at Barclays as Anti-Money Laundering (AML) Advisory Specialist who advising on critical and emerging Financial Crime themes, influencing policies and standards, while delivering guidance to internal and external stakeholders. Marcus has developed specialist knowledge in specific and emerging areas of financial crime risk that include trade finance (Trade Based Money Laundering – TBML), crypto-assets and blockchain technologies.

Details

Date:
February 25
Time:
12:00 pm - 1:00 pm GMT
Event Category:

Venue

Online Event

Organiser

Chartered Accountants Ireland
Phone:
+353 1 637 7200
Website:
https://www.charteredaccountants.ie