Seth Hertlein and Michael Mosier explain how the modern financial surveillance apparatus works, discussing terms like FATF, FinCEN, AML/KYC, and OFAC. They explore the history of financial surveillance in the US, including the implementation of the Bank Secrecy Act in 1970 and the expansion of surveillance after 9/11. The speakers also highlight the importance of protecting American values and discuss the growth of unchecked surveillance.

Guests Rebecca Rettig, Michael Mosier, and Katja Gilman explore a conceptual framework to detect and prevent illicit financial activities in DeFi while preserving its permissionless nature. Topics covered include the current AML and CTF regime in America, sanctions, and the future of DeFi.