The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Cryptocurrencies and Blockchain Technology are becoming popular topics to explore, due to the way they are set to refine and revolutionize the world of business and particularly the financial services sector. While Blockchain’s strongest pillars, decentralization, transparency, immutability and distribution, present significant opportunities, crypto assets, cryptocurrencies and crypto-projects, in general, are sometimes related to illegitimate activities, raising serious money laundering and criminal activities concerns. Policymakers and regulators face increasing pressure to support innovation while ensuring that the required regulations and policies to prevent money laundering and monitor the transactions conducted on blockchain via cryptocurrencies are in place and all stakeholders can be held accountable for the communities they intend to serve.
The introduction of the 5th AML Directive, which constitutes a key development and a uniform framework for regulators across the EU, exemplifies this effort to bring cryptocurrency activities within the regulatory ambit by introducing relevant provisions and imposing relevant obligations to certain cryptocurrency providers and activities. In essence, the 5th AML Directive intends to make the legal situation on the cryptocurrency market more transparent and it is enriched with regulations related to cryptocurrency businesses, aiming to strengthen the barriers to fight against money laundering and restrain terrorist financing.
This highly researched course examines what money laundering and terrorist financing are, what they involve, explores the new obliged entities in the crypto asset sphere and provides a broad overview of the essential concepts of blockchain technology, a deep explanation of what bitcoin is, anonymity, pseudonymity on blockchains, what tokens and cryptocurrencies are, and the processing of transactions on blockchain ledgers with reference to popular cryptocurrencies and blockchain protocols. At the same time, the course provides the risks and challenges of the increased use of cryptocurrencies by which illegitimate activities can be made.
More importantly, the course is designed to deeply explore the growing relationship between Blockchain, cryptocurrencies, money laundering and the financing of terrorism. The course encourages participants to consider blockchain’s potential impact in the future of preventing money laundering on the one hand and improving KYC/AML compliance regimes on the other.
By the end of the programme, participants will:
Anti-Money Laundering (AML) and Terrorist Financing (TF) framework
The 5th AML Directive
Cryptocurrencies under the 5th AML Directive.
How Blockchain can enhance the AML and KYC procedures
Who Should Attend
This programme is ideal for:
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.
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.
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
€292.00 – €530.00The above fee is subject to 19% VAT
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Day 1: December 05, 2022 | 09:00-12:45
Day 2: December 06, 2022 | 09:00-12:45
Day 3: December 07, 2022 | 09:00-12:45
Day 4: December 08, 2022 | 09:00-12:45
Start time: 09:00 EEST
End time: 12:45 EEST
Venue: Live Online
Coordinates: 14 | Duration: 14 hrs
Directions: <a href="https://eimf.eu/event-organizer/christiana-aristidou/">Christiana Aristidou (view the trainer's bio here)</a>
Email: [email protected]