Lessons from the Bitfinex Hack and Mars Stealer Malware Threats, Justin Choo, Cabital

How to Launder Billions in Bitcoin and Hide in Plain Sight - Lessons from the Bitfinex Hack and Mars Stealer Malware Threats

Justin Choo - Cabital

Justin currently heads the global Compliance function at Cabital, a global cryptocurrency company based in Singapore with business presence in Lithuania, Malaysia and China. He is responsible for global licensing and Compliance risk management initiatives for the company’s cryptocurrency business, and is the point of contact for Compliance matters for the company’s banking partners and venture capital investors.A seasoned Compliance professional with global experience in the crypto, fintech and banking industry, Justin has led successful fintech licensing and registration initiatives in Singapore (Payment Services License) and the European Union.

Having held regional Compliance leadership roles in leading fintech firms YouTrip and Airwallex, as well as previously heading the Global AML/CFT Policy & Governance function at United Overseas Bank (UOB), Justin is familiar and conversant with the regulatory requirements on AML/CFT/Sanctions in the APAC region (Singapore, Malaysia, Hong Kong, Australia), as well as various financial crime risk management technology solutions.He has, over the years, had regular engagements with regulators, particularly on new Compliance initiatives.

Being one of the first payment services companies licensed under the Payment Services Act, Justin was (when at YouTrip) consulted by the Monetary Authority of Singapore (MAS) extensively  on key areas of risks that the new law should address when regulating fintech companies. As the lead policymaker for the UOB Group, he represented the bank in the National KYC Utility Project, which was initiated and sponsored by the MAS to align the AML/CFT Compliance policies and workstreams amongst the major banks in Singapore.