# Surveillance Finance 101 with Seth Hertlein and Michael Mosier

*Author: Ryan Sean Adams, David Hoffman*
*Published: Sep 12, 2023*
*Source: https://www.bankless.com/es/surveillance-finance-101-with-seth-hertlein-and-michael-mosier*

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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?

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## 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 

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## RESOURCES

Michael Mosier

https://twitter.com/m_mosier_ 

Seth Hertlein

https://twitter.com/SethHertlein