Joe Salama

Joe Salama, Chief Compliance Officer at Coinbase and an expert in anti-money laundering, joins to discuss the global landscape of money laundering. He explores the intricate stages of laundering and highlights cash-heavy businesses versus trade-based schemes. Salama shares insights into the staggering $2–$5 trillion laundered annually, the vulnerabilities of the art market, and the influence of Chinese currency controls on laundering networks. He argues for improved international cooperation and the role of blockchain in tracing illicit flows.

Joe Salama, Chief Compliance Officer at Coinbase and an expert in anti-money laundering, shares his insights on the global money laundering landscape. He discusses the evolving tactics criminals use, including trade-based laundering and the persistent dominance of cash. Salama reveals the staggering scale of illicit activities, with $2-5 trillion laundered annually, highlighting China's influence. He also explains how blockchain technology can enhance tracking of funds, while cautioning that many criminals still prefer cash for its opacity. A fascinating dive into the cat-and-mouse game of AML and illicit finance!