Training Objectives

By the end of the programme, participants will be able to:

• Understand Crypto AML Fundamentals
• Navigate Regulatory Frameworks
• Identify AML Risks in Cryptocurrency Transactions
• Implement Effective AML Procedures in Crypto Businesses
• Understand Technologies and Future Trends

Training Outline

Introduction to Cryptocurrency and Anti-Money Laundering (AML)

• Overview of Cryptocurrency

– Definition and types of cryptocurrencies

– Key features of Blockchain technology

• Introduction to Anti-Money Laundering (AML)

– Definition and importance

– Regulatory landscape and global initiatives

Understanding Crypto Risks and Vulnerabilities

• Crypto Risks

– Anonymity and pseudonymity in cryptocurrency transactions

– Darknet marketplaces and illicit activities

• Vulnerabilities in Crypto Exchanges

– Overview of crypto exchanges

– Case studies of past security breaches

AML Frameworks in the Crypto Space

• Regulatory Requirements

– Overview of global AML regulations for cryptocurrency

– Jurisdictional differences and compliance challenges

• AML Compliance Programs

– Elements of an effective AML program

– Risk assessment and mitigation strategies

Customer Due Diligence (CDD) in Crypto

• Importance of CDD

– Identifying customers in the crypto space

– Enhanced due diligence for high-risk customers

• KYC (Know Your Customer) Procedures

– Document verification and identity validation

– Implementing robust KYC processes

Transaction Monitoring and Suspicious Activity Reporting

• Transaction Monitoring

– Automated tools and techniques

– Identifying red flags and unusual patterns

• Suspicious Activity Reporting

– Reporting obligations for crypto businesses

– Case studies on successful reporting

Cryptocurrency Investigations and Law Enforcement Collaboration

• Tracing Cryptocurrency Transactions

– Tools and techniques for Blockchain analysis

– Real-life examples of successful investigations

• Collaboration with Law Enforcement

– Building relationships with law enforcement agencies

– Legal considerations and data sharing

Emerging Trends and Technologies in AML for Crypto

• Dealing with Privacy Coins

– Challenges and solutions

– Regulatory responses to privacy-focused cryptocurrencies

• Artificial Intelligence in AML

– Role of AI in detecting suspicious activities

– Implementation and best practices

Interactive Workshops and Case Studies

• Exercises on risk assessment
• Analyzing real-world AML cases in the crypto space

Best Practices and Future Developments

• Industry Best Practices

– Implementing effective AML controls

– Continuous improvement and adaptation

• Future Developments in Crypto AML

– Evolving regulatory landscape

– Technological advancements and their impact

Who Should Attend

• Regulatory Compliance Officers
• AML Officers
• CFOs
• Directors
• Senior Managers
• National supervisors
• Regulators
• Financial services bodies
• Chief legal officers
• Legal advisors

Training Style 

The programme is covered in a dynamic full-day course on AML with a complete focus on the crypto landscape. The training consists of insightful lectures, real-world case studies, and interactive discussions. It will cover crypto-specific AML challenges, equipping participants with practical skills to navigate and mitigate risks in this rapidly evolving financial frontier.

CPD Recognition

This programme may be approved for up to 7 CPD units in Financial Regulation and AML. 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 7 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.