Why Anchorage Digital's BSA Officer Is Testifying Before the House Oversight Subcommittee on Military and Foreign Affairs
Trust is the foundation of every sound financial system, and nowhere is the need for that foundation more apparent than in areas of instability and conflict.
Digital assets can be that system. Anchorage Digital’s Bank Secrecy Act (BSA) Officer Dustin Palmer will share with the House Oversight Subcommittee on Military and Foreign Affairs how that can happen when he appears before them in a roundtable to examine How Digital Financial Systems Can Empower the Vulnerable on Thursday, June 25, 2:00 PM ET.
Palmer has deep expertise in this area, tracking criminal money as a long-time civil servant and then helping the world’s largest banks build programs to stop it. He served as Senior Advisor to the General Counsel at the Treasury Department, as an attorney at the Department of Homeland Security, and as the leader of Promontory Financial Group's financial crimes compliance practice before joining Anchorage Digital. As the BSA officer, Palmer oversees a rigorous compliance program, ensuring bad actors are kept off of Anchorage Digital Bank N.A.’s platform. This experience gives him a firsthand perspective into how digital assets can foster financial freedom for people living under authoritarian regimes and in failing financial systems, support American national security, and extend U.S. dollar dominance.
We look forward to Palmer bringing that perspective to the Committee, and we're grateful for the opportunity to contribute to the policy conversation.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
