DFS Fines Coinbase

The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt and I take a look at the recent NY state Department of Financial Services sanction involving the crypto trading platform Coinbase, which just agreed to pay $50 million to the DFS and to spend another $50 million over the next two years to improve its compliance program. Some of the highlights include: ·      What was the fine and associated spending for?  ·      What did the Coinbase compliance program fail on? ·      How did Coinbase’s explosive growth fuel a culture of non-compliance.  ·      How did Coinbase fall further and further behind?  ·      Why and how did the Coinbase solution worsen the problem?  ·      Why does a company need to start with solid foundation of clearly defined procedures?  ·      What is the role of an effective and efficient technology? ·      What are the lessons learned?  Resources Matt Kelly in Radical Compliance Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

What happens when two compliance aficionados get together to talk all things compliance, risk management and ERM? You get Tom Fox, the Voice of Compliance and Matt Kelly, the Coolest Guy in Compliance, going into the weeds of a topic each week. Each week, you can take a deep dive with two of the top writers, thinkers and prognosticators in compliance.