Arnold Spencer

Arnold Spencer

General Counsel, Coinsource

Mr. Spencer serves as General Counsel for Coinsource, the leading operator of Bitcoin ATMs in the United States. He oversees all legal and compliance matters for Coinsource and participates in strategic planning and operations. He oversees the ongoing development and implementation of Coinsource’s AML policies, including addressing national and international money transmissions. From 2000 to 2010, Mr. Spencer served as an Assistant United States Attorney in the Eastern District of Texas. He specialized in securities fraud, financial fraud, and money laundering prosecutions, and personally prosecuted more than 100 federal cases. Mr. Spencer was selected as one of the trial lawyers that prosecuted criminal violations arising from the collapse of Enron. Among other high profile cases, he prosecuted a South American casa de Cambio for violations of the Bank Secrecy Act, and obtained one of the longest sentences ever imposed by a federal judge against a defendant for money laundering. At the Justice Department, Mr. Spencer was a national speaker, author and leader of nationwide implementation of SAR Task Forces, and continues to speak and write about enforcement priorities, and often of more interest, compliance measures that companies can undertake to avoid enforcement actions. He authored the chapter regarding international money laundering for International White Collar Enforcement (Aspatore, 2015). Prior to his civil service, Mr. Spencer worked at Haynes & Boone, LLP in Dallas, Texas and Morgan Stanley in New York. He graduated from Amherst College and the University of Texas Law School.