Coral Protocol Welcomes Next Advisor: Jacob Cohen
Coral Protocol is excited to announce the addition of former U.S. Treasury official, Jacob Cohen CAMS (Certified AML Specialist) to our advisory board!
Jake comes to us with an ultra-relevant background to help Coral achieve its mission. Jake has spent the majority of his career in the federal government, developing and enforcing policies around money laundering, terrorist financing, Bank Secrecy Act regulations, and OFAC sanctions.
“I joined the Coral team because of their unique approach to combating fraud in this space. Coral enables crypto companies to identify and prevent the flow of tokens to fraudulent or suspicious addresses. From a compliance and risk perspective, this is a tremendously valuable capability that will enable serious industry players to proactively mitigate against financial crimes and sanctions risk.”
Most recently, Jake was the Director of Stakeholder Engagement at FinCEN (Financial Crimes Enforcement Network), where he:
- Developed and managed key relationships with domestic and foreign stakeholders such as regulators, industry, law enforcement agencies and foreign financial intelligence units to identify areas for mutual collaboration
- Oversaw the Bank Secrecy Act Advisory Group (BSAAG) which brings together public and private sector participants in an open dialogue to discuss the effective and efficient administration
- Advised FinCEN Director and Treasury leadership of global, regional, and country specific financial crime risks, strengths and weaknesses of countries’ Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulatory framework
- Promoted foreign financial intelligence units compliance with international standards and best practices
Prior to FinCEN, Jake developed policy at the U.S. Department of Treasury.
Jake will be helping Coral in many areas, including:
- Product positioning with regards to regulators and regulated entities
- Opening doors for us to participate in and integrate with international AML efforts
- Evangelizing and hustling on our behalf across global forums
- Keeping us abreast of regulatory changes, competitive efforts, and other opportunities and threats
Welcome to the reef Jake!
