Complimentary for ACFCS members, non-members $75, which covers all three webinars
In this three-part webinar series, ACFCS analyzes the roiling, rollicking world of crypto currencies, with both incredible promise to revolutionize compliance and a plethora of pitfalls to avoid, from anonymous criminals to ICO fraudsters.
Presented by Joe Ciccolo, Founder & President of BitAML, a cryptocurrency compliance advisory firm
Virtual currency regulatory updates – Congressional hearings, cease and desist letters and subpoenas, oh my!
Just as 2017 waned and 2018 dawned, the transition period proved to be a wild ride for bitcoin and other cryptocurrencies. Some examples: Dramatic price swings, mainstream interest, and increasingly sophisticated cryptocurrency business models, including the initial coin offering (ICO). These developments did not go unnoticed by regulators. In fact, there were several congressional hearings held, where securities and commodities regulators weighed in on the application of new and existing regulations. As a result, the government issued several rounds of subpoenas to crypto hedge funds and ICOs.
Attendee learning goals:
· Key financial crime takeaways from the regulatory actions.
· A look ahead, from the perspectives of policymakers and industry.
· How these developments can impact your institution’s controls.
· Some potential adjustments to best practices.
· How to better risk assess interactions with crypto firms, ICOs.
· Questions to ask and potential red flags that your ICO customer could be a fraudulent investment scheme.
About the Presenter
Joe Ciccolo, Founder & President of BitAML a cryptocurrency compliance advisory firm
Joe is an accomplished AML regulatory compliance expert and has spent the last several years building, developing and implementing successful AML compliance programs for both financial and non-financial institutions.
Prior to launching BitAML, Joe was a founding member of the BSA/AML program of a top 100 U.S.-based financial institution. He also served as a project manager for a top 20 global bank, where he led several regulatory and audit remediation projects. Before entering the field of BSA/AML, Joe held leadership positions across various risk management disciplines, including vendor due diligence, fraud prevention, and corporate investigations.
Each session provides one CFCS credit.