Ep77 -Lourdes Miranda, Crypto Financial Crimes Analyst

Money Launderers Beware 


Cryptocurrency Analyst and Financial Crimes Investigator,
Lourdes Miranda joins us for episode 77 on LAB Radio. 


 


Lourdes’ expertise lies in her years working from a compliance
and financial crimes angle. Her knowledge of the Bank Secrecy
Act led her to a career in the intelligence community,
primarily the CIA. She knows the ins and outs of how money
launderers operate. So when she was approached to join,
admittedly she didnt know much about cryptocurrencies. That
didnt bother the Agency one bit. She told their cyber security
teams, if they taught her how crypto worked, she’d show them
how it was being used to launder illegal proceeds.

 


Lourdes speaks to and teaches both local and federal law
enforcement communities across the country. She also consults
banks and financial institutions. More recently Lourdes tells
us about an interaction with a Bank and a Bitcoin ATM
operator. The advice she gives seems obvious to me, but it
just goes to show the Banks disparate view of this
asset class.



 


We further discussed the future of the crypto and blockchain
industry and how it will impact banks. Ultimately, Lourdes
feels banks will end up going the route of the newspapers
during the proliferation of internet. The small banks react the
slowest and are most vulnerable, but also have an advantage the
bigger banks don’t. They posses the agility big banks can’t. So
if a Credit Union or small bank decides to take a proactive
approach they might actually avoid extinction. Sadly, these
institutions dont realize they’re eventually going to lose
their customers to crypto exchanges as they add more services
and products, with lower fees.


 


Lourdes and I also have differing opinions on whether
cryptocurrency illegal activity will increase or decrease.
Let’s just say, we agree to disagree, but we both might be
right. You’ll just have to listen and give us your opinion.


 


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Further Reading and Resources


Lourdes C. Miranda, CAMS, CFE, Financial Crimes Investigator
and Crytpocurrency Analyst at Miranda FinIntel
Consulting,  | Email | LinkedIn