Assessing the Money Laundering and Terrorist Financing Risks of Emerging Payment Technologies

Rapid advancements in financial technology – or “fintech” – are quickly changing the way we use and think about money. This includes both the use of technologies outside of the traditional regulated financial system, such as cryptocurrencies, and the financial innovations developed by banks, such as mobile wallets. This talk will provide a high level overview of FINTRAC’s mandate as it pertains to understanding the money laundering and terrorist financial risks associated with these new technologies. It will focus specifically on the vulnerabilities of cryptocurrencies to abuse for money laundering and terrorist financing, as well as the investment and experimentation in distributed ledger technologies across the formal financial sector.

About the speaker

Evangeline is a Strategic Intelligence Analyst at the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) where she focuses primarily on assessing the vulnerabilities of emerging financial technologies to abuse for money laundering and terrorist activity financing in both domestic and international settings. Evangeline has previously worked as a Policy and Program Analyst at Global Affairs Canada in the Economic Growth and International Financial Institutions Division, and as a Business Manager at Investors Group’s Outaouais Regional Office. Evangeline holds an Honours Bachelor of Arts degree in Political Science from Queen’s University and is nearing the completion of a Master’s in Public Administration at Carleton University.

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