Show Notes
In this episode of AML Conversations, Elliot Berman is joined by Jennie Jonas, Senior Vice President of Financial Crime Advisory, to discuss the recent surge in fintechs pursuing OCC limited-purpose trust charters.
They explore what’s driving this trend, how limited trust charters differ from full bank charters, and why these structures are especially attractive for fintechs operating in payments and digital assets. The conversation also dives into common misconceptions, the reality of “bank‑grade” AML and governance expectations, and what fintechs should prepare for before—and after—receiving a charter.
From compliance program design and OCC examination rigor to risk governance, board expectations, and the future evolution of charter authorities, this episode offers practical insight for fintechs considering a charter and for institutions working with chartered fintech partners.
More from AML Conversations
This week on This Week in AML, John Byrne and Elliot Berman examine several significant developments shaping the financial crime compliance landscape.
This week on This Week in AML, John Byrne and Elliot Berman unpack a wide-ranging set of developments affecting compliance, sanctions, financial crime prevention, and regulatory oversight. From geopolitical controversies surrounding Russia sanctions and international enforcement efforts to the OCC's latest report on so-called "de-banking," the discussion examines what these developments mean for financial institutions trying to maintain a risk-based approach in an increasingly politicized environment.
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