Richard Weber Discusses Shift in DOJ Cryptocurrency Enforcement on The F.O.R.C.E. Podcast

Winston & Strawn partner Richard Weber was featured in an episode of the FIBA on Risk and Compliance Excellence (F.O.R.C.E.), a podcast where banking and financial industry professionals, law enforcement, and regulators discuss topics regarding financial crime, risk, regulations, and anti-money laundering. In the episode, Rich joins President and CEO of FIBA David Schwartz to explore the U.S. Department of Justice’s pivot in cryptocurrency enforcement and what it means for financial institutions, digital asset companies, and regulators. They unpack the DOJ’s decision to disband its National Cryptocurrency Enforcement Team and narrow its focus to criminal abuse of digital assets, focusing on topics including why prosecutions tied to fraud, terrorism, financing, and organized crime remain active; the enduring risk for institutions despite less enforcement messaging; how state regulators are stepping up as federal agencies scale back; why companies must prioritize compliance; and more.

Listen to the full episode.

Rich also co-authored an article for New York Law Journal highlighting why robust cryptocurrency compliance programs remain essential following the DOJ’s shift in priorities. Read the full article here.