AML/CTF Virtual Asset Risk Management

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Course Overview

Overview: This course provides a comprehensive foundation in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) within the context of EU regulations. It covers the evolution of AML, key directives, the impact of virtual assets, and the implementation of AML/CTF frameworks.

Learning Objectives

Knowledge:

Understand the basics and objectives of AML/CTF.
Learn about key EU AML directives and regulations.
Gain insights into the risks and challenges of AML in virtual assets.

Skills:

Implement AML/CTF frameworks and risk management strategies.
Develop and apply effective AML and CTF policies and procedures.
Utilize AML tools and technologies for compliance and monitoring.

Attitudes:

Foster a proactive approach to AML/CTF compliance.
Promote transparency and adherence to FATF guidelines.

Target Audience

Financial professionals, compliance officers, AML specialists, cryptocurrency business operators, and anyone involved in the AML/CTF landscape within the EU.

Course Curiculum

Course Outline

1. Foundation of AML/CTF and EU Regulations

Introduction to AML/CTF and EU Regulations
- AML/CTF Basics and Objectives
- Evolution of AML in the EU
- Key EU AML Directives and Regulations, Organizations
Understanding Virtual Assets and Cryptocurrency
- Definition and Classification
- Popular Cryptocurrencies
- Crypto Exchanges and Wallets

2. Risks and Challenges in AML for Virtual Assets

Money Laundering Risks
Terrorist Financing Risks
Emerging Threats

3. Implementation of AML/CTF Framework and Risk Management

EU AML Framework for Virtual Assets
- AMLD5 and AMLD6
- Registration and Licensing: CySEC and CASPs
- Reporting Obligations
Customer Due Diligence (CDD) in Cryptocurrency
- Enhanced Due Diligence (EDD)
- Source of Funds and Wealth
- Ongoing Monitoring

4. Transaction Monitoring and Suspicious Activity Reporting

Real-Time Transaction Monitoring
- Identifying Suspicious Transactions
- Reporting to FIUs
AML Tools and Technologies
- Blockchain Analytics
- Cryptocurrency Forensics
- AML CASP Software Solutions

5. Case Studies and Best Practices

Notable AML Cases
Compliance Best Practices
FATF Guidelines and Transparency
- Overview of FATF recommendations
- Transparency measures in the EU
- Compliance with FATF standards

6. Risk-Based Approach

Implementing a Risk-Based Approach in AML/CTF
- Developing risk profiles for virtual asset businesses
- Regulatory expectations and compliance
Risk Assessments
- Risk Identification and Assessment
- Identifying AML and CTF risks in virtual assets
- Risk assessment methodologies
- Real-world risk scenarios and analysis

7. Policies and Procedures

Developing Effective AML and CTF Policies
- Implementing robust procedures for compliance
- Case studies on policy development

8. Future Trends and Challenges

AML in Decentralized Finance (DeFi)
Stablecoins and Central Bank Digital Currencies (CBDCs)
Regulatory Outlook

AML/CTF Virtual Asset Risk Management

Location: Live Online Training

Initial Price: ~~€350~~

Funding Information: HRDA funds up to 80% of the course fees. Therefore, your company will only pay the amount: €70 *No VAT is charged as SCP’s Funded courses are excluded from it.

Individual (Non-funded)

For a person not eligible for the subsidy, we offer a discounted price of €210 (installments accepted x2 or x 3).

Questions? Contact us 70008828 or 96828323

Duration: 14 hours (14CPDs)

+ Online participation in all modules of first-class training
+ Module recordings in your personal account (6 months access)
+ Personal Certificate at the end of the course

Enroll Now

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