Training Objectives

By the end of the programme, participants will:

• explore blockchain fundamentals, smart contracts and the evolution of Blockchains
• explore Blockchain applications for the Financial Industry
• navigate the cryptocurrency space
• understand the objectives, content and scope of eIDAS regulation
• discuss e-Identification, e-signatures, other trust services and how to use them
• recognize the impact of eIDAS on individuals, businesses, and the EU Single Market
• explore the relationship between blockchain and eIDAS
• have an overview of the Anti-Money Laundering and Terrorist Financing regimes
• discuss the AMLD5 amendments and what is expected by the Anti-money laundering and countering the financing of terrorism legislative package (EU AML Package)
• explore the Travel Rule as it applies to crypto-assets (introduced by FATF and regulated as part of the EU AML Package)
• discuss about the new obliged entities operating in the crypto asset space
• understand the relationship between blockchain, cryptocurrencies and the AML regime by reference to AMLD5 and the upcoming EU AML Package
• explore Blockchain solutions to mitigate money laundering risks and to enhance AML/KYC compliance regimes
• realize and discuss how the AML Framework, the eIDAS regulation and blockchain technology are transforming the financial services industr

Training Outline

Blockchain Fundamentals

• Introduction: Evolution of Blockchain
• What is Blockchain and how it works
• Blockchain Intrinsic Features and unique characteristics
• Smart Contracts and Dapps
• Blockchain Applications: Cryptocurrencies

Introduction to cryptocurrencies

• Understanding Digital Tokens
• What is a cryptocurrency and how it works
• Crypto assets vs Cryptocurrencies
• The classification of tokens: MICA Regulation
• Security, Utility, Payment
• Fungible & Non-Fungible (NFTs) tokens
• Tokenization and types of assets that can be tokenized

Anti-Money Laundering, Terrorist Financing and the AMLD5

• What is Money Laundering and Terrorist Financing
• AML Regulatory Framework
• The introduction of AMLD5 and its key amendments
• Crypto Assets under the AMLD5 and the new obliged entities
• Registration of Crypto Asset Service Providers (CASPs)
• The CySec’s directive for the registration of Crypto Asset Service Providers (CASPs)
• AMLD5 to new EU AML Package (including a new AML regulation for obliged entities, an AML Directive for common approach by EU supervising authorities, the introduction of an EU AML Authority, and the travel rule recast for cryptoasset transactions)
• Anonymity, privacy coins, and Pseudonymity: A method for money laundering
• Mitigating money laundering risks and enhancing AML/KYC compliance regimes with blockchain – Use Cases

eIDAS Regulation: Navigating the ecosystem

• Subject matter
• Scope
• Definitions
• Electronic Identification (eID)
• Electronic Signatures & Trust Services

Trustworthy Digital Transactions for the Financial Services Industry

• An overview of the main requirements on trustworthy digital transactions
• Assessment of the criteria for trustworthy digital transactions
• Challenges of the current document signing system
• Blockchain for e-Signatures and Secured Digital Transactions
• Blockchain Solutions for document signing

Conclusion

• Q&A
• Discussion
• Closing Remarks

Who Should Attend

This training course is suitable for people from all kinds of backgrounds who are interested to explore the relationship between digital currencies, eIDAS regulation and the 5th Anti-Money Laundering Directive.

The course is also ideal for:

• Compliance Officers
• Lawyers
• Internal and External Legal Advisors
• Graduate Lawyers
• Junior Lawyers
• Law students
• Law researchers
• Professionals in the banking sector (Including neo and challenger banks)
• Financial advisors
• Executives and senior managers
• Software Developers
• IT Professionals
• Blockchain technologists and developers
• Innovation leaders and members of Innovations labs
• Government Agencies
• HR Managers
• Corporate Administrators
• Strategy Managers
• Technology Strategy Leaders
• Digital Transformation Heads, Officers and Team Members

Training Style

The programme is designed to deliver theoretical knowledge mainly via live online discussions, supported by power-point presentations.

CPD Recognition

This programme may be approved for up to 14 CPD units in AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

This training course may be approved as an external activity under the  new  ACAMS  recertification  category  ”non-ACAMS credits” for up to 14 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here. 

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.