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BSA/AML: Crypto and Virtual Currency Webinar

September 4, 2024 10:00 am - 12:00 pm
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Crypto and other virtual currencies are inherently higher risk. Being higher risk, however, doesn’t necessarily mean that the activity itself or the customer relationship, as a whole, are bad.

There’s just more risk than there may be with other types of activity or customer relationships you may have. These do directly impact your BSA/AML compliance program and therefore it’s important that before you get into a relationship with a customer that is in the crypto/virtual industry, you need to make sure that you’ve done your due diligence to understand the customer, their business, their activity, etc.

What You’ll Learn

  • Crypto Lingo Crash Course: Exchanges and Miners and Tumblers, Oh My!
  • Understanding and Assessing the Risks to Updating Your BSA/AML Program
  • Customer Due Diligence: What Questions Should You Be Asking?
  • Ongoing Customer Due Diligence and Updating the Customer Risk Profile
  • Enhanced Customer Due Diligence
  • Is This Crypto Business Also a Money Service Business?
  • Red Flags for Virtual Currency Abuse and Spotting Unusual Activity

Who Should Attend
This webinar is for BSA/AML officers, teams, management, compliance officers, auditors, and other risk management personnel.