Anti Money Laundering (AML CFT) and Virtual Currencies

Prevention of Money Laundering and Terrorist Financing is a challenge for World Financial System. Financial Institutions including banks and money exchange businesses spend millions of dollars to maintain good Anti Money Laundering AML and Countering Financing of Terrorism CFT measures and practices. Virtual currencies (VCs) also play significant role when AML / CFT practices are discussed. VCs carry significant importance due to their flexibility of usage and unregulated industry.

International organization such as FATF has issued recommendations and guidance for Virtual Currencies (VCs) related money laundering and terrorist financing risks management. 

Why This Course?

Virtual currencies (VCs) are vulnerable to money laundering and terrorist financing (ML/TF) risks and pose reputational challenges to the financial system of the countries. Criminals might use VCs to gain personal advantages and benefits at the expense of financial systems.

Financial institutions and regulated gateways are required to implement the AML / CFT measures, to avoid financial system's exploitation by criminals, criminal groups and money launderers using VCs.

Compliance Professionals and AML CFT experts are focusing on identification and management of risks posed by VCs to the financial system and financial gateways.

This course will make you understand how criminals can use VCs for money laundering and terrorist financing and what measures should be taken by financial institutions and gateways to prevent money laundering activities. 

What Will You Learn In This Course?

This course is divided in modules to explain you practical concepts of Anti Money Laundering AML / Countering Financing of Terrorism CFT with reference to AML/CFT Guidelines and FATF Recommendations related to VCs.

You will learn:

- Virtual Currencies, their Characteristics, Connected Entities, Users etc.

- Money Laundering and Anti Money Laundering,

- Risks Associated With VCs and Reasons Behind

- Risks Based Approach RBA

- Due Diligence Measures,

- VCs Wire Transfers and AML / CFT Measures

- New Processes and Technologies and AML / CFT Process

- Suspicious transactions, Transaction Monitoring, Record Keeping, Documentation

- Practical examples

- Case Studies etc.

How Will You Benefit From This Course?

By attending this course you will:

- get insight about AML / CFT Regime and Regulatory Requirements for Virtual Currencies

- able to understand and apply knowledge in preventing the use of financial system by criminals

- be able to talk confidently with Regulatory Compliance and AML/CFT Specialists for Virtual Currencies

- get a lifetime access and certificate of completion of this course

Who Should Attend This Course:

Bankers, Investment Bankers, Leasing professionals, Brokers, Stock Market Professionals,

Financial Intelligence Unit FIU professionals,

Compliance professionals,

AML / CFT Professionals,

Branch Managers

Operations Managers,

Risk Managers,

Internal Auditors,

Compliance students, AML/CFT students, CAMS students, Audit students,

Others who want to learn about AML/CFT measures related to Virtual Currencies.