Seth Hertlein, VP Global Head of Policy at Ledger, and Michael Mosier, Co-Fouder of legal boutique Arktourous, Build Exante - FinCEN, Treasury, and Chief Technical Counsel at Chainalysis join us on today’s show to explain the modern financial surveillance apparatus. FATF, FinCEN, AML/KYC, OFAC...the blacklists, the greylists. How does it all work? Who makes the rules? ------ ? Check your wallet with our brand new tool: Claimables  https://bankless.cc/GetClaimables ------ ? AAVE V3 is Here! http://app.aave.com/ ------ BANKLESS SPONSOR TOOLS: ?KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 ⁠ ?METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum ⁠ ?MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle ⁠ ?UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap  ?️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  ----- TIMESTAMPS 0:00 Intro 9:10 Financial Surveillance  13:10 Data Collection 17:10 The Bank Secrecy Act  20:30 SARS 23:10 Understanding the Enforcers  30:30 Goals for FINCEN 38:55 OFAC Explained  51:11 Strict Liability  56:26 Process of Getting OFAC SDN List  1:00:50 Tornado Cash 1:11:05 What Should We Do?  1:21:05 Closing & Disclaimers  ----- RESOURCES Michael Mosier https://twitter.com/m_mosier_   Seth Hertlein https://twitter.com/SethHertlein   ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠