RANE 2019 Risk Management Summit - Andrew Gerlach by RANE Network published on 2019-07-23T21:00:02Z As a follow-up to the RANE 2019 Risk Management Summit hosted by Sullivan & Cromwell on April 3, 2019, we’ve conducted several follow-up podcasts with some of the panelists. Today’s podcast focuses on the panel entitled Cryptocurrency, Blockchain, and the Implications for Financial Crime Compliance. Cryptocurrency transactions are supposed to be anonymous and untraceable raising the risks of their use in money laundering, terrorist financing, and other illicit activities. Despite the perception, cryptocurrency transactions are not entirely anonymous, however, identifying the entities and locations of blockchain participants requires sophisticated analytics and changes in customer onboarding and transaction-monitoring approaches. In this podcast, RANE founder David Lawrence sits down with Andrew Gerlach, Partner at Sullivan & Cromwell LLC. Andrew Gerlach is a partner in the Firm’s Financial Services and Mergers and Acquisitions Groups and co-head of the North America insurance practice. Mr. Gerlach’s practice is primarily focused on mergers and acquisitions, divestitures, joint ventures, securities offerings and similar transactions involving financial institutions. He also advises clients on a variety of regulatory, takeover defense and corporate control, general corporate, strategic and corporate governance matters. Mr. Gerlach represents both U.S. and non-U.S. public and private financial institutions, including banks, insurance companies, private equity funds, hedge funds, investment advisers and broker-dealers. Mr. Gerlach has worked on a variety of regulatory matters with federal and state banking, insurance and securities regulatory agencies and other governmental agencies on behalf of a number of U.S. and international financial institutions.