Minakshi Yerra is the Global Head of AML & Sanctions (BSA & OFAC Officer) at Ripple. She has over 17 years of international Banking, Fintech and Cryptocurrency experience specializing in the areas of Anti Money Laundering (AML), Economic Sanctions, Counter-Terrorism Financing (CTF), Fraud and Trade Finance.
She specializes in developing Financial Crime Compliance (FCC) programs, policies, procedures and developing internal controls for Banks, Fintechs, Non-Bank Financial Institutions and Cryptocurrency companies. Having served as Manager of the Financial Intelligence Unit (FIU) and Deputy U.S. Head of Economic Sanctions Investigations at HSBC Bank, while the Bank was under a Department of Justice (DOJ) deferred prosecution agreement , she handled multiple high profile FIU investigations and sanctions breach cases; conducted large-scale transactional lookbacks; provided sanctions advisory to U.S. and non-U.S. business units on complex FCC matters; drafted quarterly reports of HSBC’s potential sanctions evasion cases to the DOJ, District Attorney of New York and the Securities and Exchange Commission.
Minakshi’s most recent work includes scaling compliance programs for complex cryptocurrency products, implementing new technology to mitigate AML and sanctions risks when moving funds cross-border using distributed ledger technology and developing FCC roadmaps to support licensing compliance functions across various jurisdictions.
Prior to Ripple, Minakshi worked at HSBC, Wells Fargo and LendingClub. Minakshi holds a Master of Laws degree specializing in International Banking & Finance from Queen Mary University of London. She is a Certified Anti-Money Laundering Specialist (CAMS) and Certified Forensic Accountant (Georgetown University). She is passionate about crypto and speaks at various cryptocurrency conferences discussing emerging AML and sanctions regulations and the new challenges impacting the crypto and blockchain industries.