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
Compliance in the time of crypto – Are your compliance controls stuck in the past?
As financial crime specialists, we’re constantly under more pressure to update, reimagine, and strengthen our compliance defenses, including looking for red flags and other proactive and reactive controls designed to confront increasingly clever and tech-savvy illicit actors.
Not surprisingly, cryptocurrencies continue to challenge and, in some cases, baffle us. However, sometimes things aren’t always as different or challenging as they may first appear.
We’ll talk through indicators and red flags of cryptocurrency activities, as well as use cases, both legitimate and illegitimate and the steps you can take to bring your compliance functions into the age of crypto.
In so doing, we’ll give equal time to discussing how crypto companies are themselves deploying sophisticated AML and compliance technologies and methodologies, which in many cases could be considered superior and even transformational compared to traditional institutions. Yes, you read that right. There’s much to be learned from this new and high-tech cohort entering the financial services fray.
Attendee learning goals:
- Understand transactional tells, red flags related to crypto transactions.
- How to manage relationships with virtual currency exchanges.
- How tech firms are innovating on AML and what traditional FIs can learn, harness for themselves.
- How to risk score using the blockchain.
- How to see what entities, companies are behind seemingly anonymous crypto transactions.
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.