Cambridge Forum on Risk Regulation & Enforcement in FinTech

Katrina Carroll is Regulatory Compliance Counsel for Block, Inc, including Cash App, Square and its other business units. She manages regulatory matters and provides advice regarding anti-money laundering (AML), Office of Foreign Assets Control (OFAC) and international financial sanctions, consumer issues and other compliance areas. In this enterprise-wide function, Katrina covers a wide array of products and services, including money transmission/P2P, payment processing, lending, virtual currency, other emerging technology, as well as broker-dealer and bank partnership matters. Most recently, she served as the Chief Counsel of the Financial Crimes Enforcement Network (FinCEN), within the U.S. Department of the Treasury. In this role, she was the principal legal advisor to the Director of FinCEN and oversaw the provision of legal advice to FinCEN on all aspects of its national security and law enforcement-related mission to protect the U.S. financial system from money laundering and other forms of illicit finance. Previously, Katrina was the Chief Anti-Money Laundering Officer for LPL Financial and its affiliate, the Private Trust Company. In her prior position as Counsel in the Financial Institutions Group at WilmerHale, she advised banks, broker-dealers, money services businesses (including new payment technologies) and other clients on all aspects of AML and OFAC compliance. She also advised financial institutions in the enforcement and transactional contexts. Prior to joining WilmerHale, Katrina served for nearly a decade in the federal government at the U.S. Department of the Treasury and the Securities and Exchange Commission. She earned her J.D. from the George Washington University Law School and her B.S. in Foreign Service from Georgetown University.

Currently, Youli Lee serves as the Senior Legal Director over Global Investigations, Litigation, and Governance. In her capacity as global head, Ms. Lee and her team regularly advise the company on matters relating to criminal investigations, civil and criminal litigation, compliance, corporate compliance, and regulatory matters. Ms. Lee also collaboratively oversees marketing and product efforts as well.   Prior to joining Chainalysis, Ms. Lee was an Associate General Counsel with the Strategic Advocacy section at Coinbase. In her role leading Strategic Response, Ms. Lee handled all legal aspects of Coinbase’s incident response, routinely assembling and leading cross-functional teams from across the company. Additionally, Ms. Lee advised on issues from content-moderation policies to international legal issues, sanctions, intellectual property, and a wide variety of security issues.   Ms. Lee also served as Legal Counsel to the Biden-Harris Presidential Transition Team in the Office of Legal Policy. Prior to her service there, Ms. Lee was the Chief of the Policy and Legislation Division within the Office of the Chief Counsel for the Bureau of Industry and Security. While there, Ms. Lee led a team of attorneys and worked on cutting-edge policy initiatives and litigation that dealt with the intersection of national security and commerce in the United States.   Ms. Lee also served with distinction as an Assistant U.S. Attorney in the U.S. Attorney’s Office for the District of Columbia. As a prosecutor in the Cyber Crime Section, Ms. Lee investigated and prosecuted cybercrime cases that included foreign-actor intrusions into U.S. companies and political organizations; bitcoin-exchange intrusions and money laundering by foreign actor(s); white-collar, bitcoin securities violations; international cryptojacking; and multiple large-scale, complex bitcoin, wire-fraud, and money laundering investigation. Ms. Lee also represented the United States in the Appellate Division, having briefed and argued close to 60 cases before the U.S. Court of Appeals for the D.C. Circuit and the D.C. Court of Appeals. Additionally, Ms. Lee served in multiple trial sections of the U.S. Attorney’s Office and has tried over 40 bench and jury trials.   Ms. Lee was also adjunct faculty at the Boston University School of Law, where she developed and taught a criminal appeals class. In addition, Ms. Lee was the Senior Policy Advisor for a subsidiary of Feeding America and worked to develop national food-policy initiatives.   Ms. Lee has co-authored numerous articles including an article on the compelled use of biometric keys to unlock digital devices, which was published in the Department of Justice Journal of Federal Law and Practice, as well as an article on the need for a Select Committee on Terrorism, which was published in the John F. Kennedy School of Government’s Perspectives on Preparedness. Ms. Lee received her J.D. in 2001 from Boston University School of Law and her Bachelor of Science in Molecular Biophysics and Biochemistry from Yale University in 1996.

Ali is an experienced legal and compliance professional, having worked in two jurisdictions, and in private practice, banks, FinTech and government. Ali has led and scaled teams for a number of years and enjoys working closely with her company’s leadership team to improve compliance programs, including more than 9 years in BSA/AML program execution and development, navigating complex regulatory risk, managing investigations and providing financial crime-related advice.   At FinTech startup Brex, Ali acts as the Global Head of Compliance, overseeing all aspects of the company’s program, including: BSA, OFAC and anti-bribery, payments and broker-dealer compliance, product advisory, testing and oversight, global expansion, as well as compliance technology. During her time at Brex, she has supported the company to launch new products, expand outside the US, obtain new licenses, enhanced the AML and sanctions program and navigate bank partner relationships.   Prior to Brex, Ali worked at Barclays Bank in both New York and London, most recently as the OFAC Officer and Americas Head of Sanctions and Anti-Corruption team. And before that, as an attorney in the firm’s Financial Crime Legal team in London.   Ali is also a dual-qualified attorney, admitted in England and Wales, as well as New York State. Prior to her banking experience, she worked in the London office of a premier U.S. law firm and was also seconded to the U.K. National Crime Agency, where she supported their Legal team.

Frederick Reynolds Deputy General Counsel for Regulatory Affairs and Chief Compliance Officer   Frederick most recently served as the Chief Compliance Officer for Brex, responsible for the strategy, governance and execution of its Compliance and Operational Risk programs as well as its regulatory engagement strategy with both FINRA and the SEC. In this role, Frederick created programs, policies and procedures covering all areas of regulatory compliance including Broker Dealer, Payments, Privacy, Financial Crime, Fraud, Lending, Conduct Risk and Consumer Protection. Frederick was also responsible for maintaining relationships with key regulators, the board and key industry partners.   Before joining Brex, Frederick was the Global Head of Financial Crime, Employment and Competition Legal at Barclays and the Global FIU Executive at Bank of America. In these roles Frederick led engagement efforts with the Federal Reserve, the OCC, SEC, FINRA, the FCA, MAS and various other state, federal and international regulators.   Prior to entering the private sector, Frederick served as the Deputy Director of FinCEN where he was responsible for protecting the United States financial system from money laundering and terrorist financing and developing and implementing U.S. anti-money laundering policy. Before joining the Treasury, Frederick was a federal prosecutor and Deputy Chief of the Asset Forfeiture and Money Laundering Section of the Department of Justice.

Shóna holds a Bachelor’s Degree in English and Spanish Literature from University College Dublin. Relocating to Canada from Ireland in 2018, Shóna joined Cambridge Forums, where she sparked a passion for event planning and management. 

Leveraging her extensive experience in client relations from previous roles in insurance and finance, Shóna thrives in orchestrating high-profile events and delivering memorable experiences for her clients. 

When not traveling around the world hosting Cambridge events, Shóna is based in Vancouver where she enjoys getting out in nature as much as possible – hiking the local trails, running along the seawall, or taking her paddle board out on the water.