Current AML compliance strategies for the identification of crypto-related activities within traditional financial institutions is woefully inadequate. By some estimates, banks may be underestimating their exposure to crypto companies and transactions by a factor of more than 10x. As AML compliance professionals, we must remain vigilant to new and emerging trends, identify the unique risks posed to our institutions, and deploy commensurate countermeasures.
In this webinar, we’ll review several popular cryptocurrency business models that intersect with traditional banking every single day, including crypto kiosks or ATMs, crypto exchanges, and peer-to-peer (P2P) trading platforms. Our discussion will include an operational overview of each of these business models, a simplified explanation of the customer experience, and an in-depth look at the inherent risks and potential mitigation strategies that you can deploy at your institution. Along the way, we’ll share actionable case studies and typologies.
Join us for this exciting and engaging presentation on such a timely topic.
1 ACAMS Credit **Please note that ACAMS credit for this virtual event is available to members of the Chapter only.