Understanding Financial Surveillance: A 101-Level Overview

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Legal experts Seth Hertlein and Michael Mosier provide a beginner-level understanding of financial surveillance, explaining terms like Fattiff, O-FAC, white lists, gray lists, and the implications of using services like tornado cash from a US perspective.

Seth Hertlein, VP Global Head of Policy at Ledger, and Michael Mosier, Co-Fouder of legal boutique Arktourous, Build Exante - FinCEN, Treasury, and Chief Technical Counsel at Chainalysis join us on today’s show to explain the modern financial surveillance apparatus. FATF, FinCEN, AML/KYC, OFAC...the blacklists, the greylists. How does it all work? Who makes the rules?

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----- TIMESTAMPS

0:00 Intro 9:10 Financial Surveillance 13:10 Data Collection 17:10 The Bank Secrecy Act 20:30 SARS 23:10 Understanding the Enforcers 30:30 Goals for FINCEN 38:55 OFAC Explained 51:11 Strict Liability 56:26 Process of Getting OFAC SDN List 1:00:50 Tornado Cash 1:11:05 What Should We Do? 1:21:05 Closing & Disclaimers

----- RESOURCES

Michael Mosier https://twitter.com/m_mosier_

Seth Hertlein https://twitter.com/SethHertlein

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