Training Objectives

By the end of the programme, participants will: 

• have an overview of the Anti-Money Laundering and Terrorist Financing regimes
• be able to explain the 5^th AML Directive, its key amendments and electronic wallet providers and virtual currencies under the directive
• be able to review and analyse the CySec’s Directive for the Registration of CASPs
• explore the blockchain basics, including Blockchain’s evolution, features and unique characteristics, smart contracts, Dapps, blockchain applications, tokenization and tokenized economy
• discuss popular cryptocurrencies and blockchain protocols
• understand how criminals use cryptos to make criminal activities
• comprehend how the 5^th AML Directive affects the cryptocurrency business
• explore methods and solutions to mitigate money laundering risks and to improve AML/KYC compliance regimes
• comprehend the relationship between blockchain, cryptocurrencies and the AMLD5

Training Outline

Anti-Money Laundering (AML) and Terrorist Financing (TF) framework

• Introduction
• What is and what is involved in Money Laundering and Terrorist Financing
• The evolution of AML regime: Timeline and scope of the regulations
• Technology, Money Laundering and Terrorist Financing
• From the 4^th AML Directive to the 5^th AML Directive
• Concepts, Terminology, Definitions

The 5th AML Directive

• An introduction to the 5th AML Directive
• Key amendments
• New obliged entities
• Electronic wallet providers and Virtual currencies under the 5^th AML Directive
• FATF Travel Rule
• Review of the CySec’s Directive for the Registration of CASPs

Blockchain Basics

• Introduction to Blockchain Technology: What is it and how it works
• Evolution of Blockchain
• Blockchain Features and unique characteristics
• Smart Contracts: Their significance and impact
• Decentralized Applications (Dapps)
• Applications of Blockchain: Cryptocurrencies

Cryptocurrencies

• Introduction to cryptocurrencies: Bitcoin, Altcoins, Stablecoins, CBDCs
• What is a cryptocurrency and how it works
• Discussing popular cryptocurrencies and blockchain protocols
• Understanding digital tokens
• Tokenization and Tokenized Economy
• Legal classification of tokens:
• -Fungible Tokens Vs Non-Fungible Tokens (NFTs)
• -Payment Tokens
• -Utility Tokens
• -Security Tokens
• How criminals exploit cryptos for illicit activities
• Cryptocurrencies’ anonymity and pseudonymity: A method for criminal activities
• The risks and challenges

Cryptocurrencies under the 5th AML Directive.

• How the 5th AML affects the cryptocurrency business
• How to mitigate money laundering risks
• FATF and Risk-based approach

How Blockchain can enhance the AML and KYC procedures

• Solutions for more efficient AML and KYC procedures
• Customer Due Diligence Process/Distributed Client Data Collection/ Data Protection and Management
• Use cases

Who Should Attend

This programme is ideal for: 

• Compliance officers
• EU Lawyers
• Third-country lawyers
• Internal lawyers (working in any legal department of an organization or government)
• Blockchain technologists and developers
• IT professionals
• Professionals in the banking sector (Including neo and challenger banks)
• Financial Advisors
• Executives and senior managers
• Software Developers
• Attorneys of the Republic
• Legal Services Professionals
• Graduate Lawyers
• Junior Lawyers
• Law Students
• Law Researchers
• Legal Projects Managers
• Legal Analysts
• Government Agencies
• HR Managers
• Corporate Administrators
• Strategy Managers
• Technology Strategy Leaders
• Digital Transformation Heads, Officers and Team Members
• Innovation Leaders and members of Innovations labs

Training Style

The programme is designed to deliver theoretical knowledge mainly supported by power-point presentations.  Participants will also benefit from discussions and a Q&A session at the end of the programme, while they will take away the knowledge gained to be transferred to their workplace.

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.

In-house Training

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