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    How to Use FinCEN/FATF’s Red Flags for Virtual Currency Compliance Program

    How to Use FinCEN/FATF’s Red Flags for Virtual Currency Compliance Program

    About

    In 2020, FinCEN and Financial Action Task Force (FATF) released various publications designed to assist financial institutions (FIs), designated non-financial businesses and professions (DNFBPs), and Virtual Asset Service Providers (VASPs) in identifying and mitigating risks of virtual currency (VC) transactions. But how can these be applied to an AML compliance program? Join Pamela Clegg, Director of Financial Investigations and Education at CipherTrace as she reviews the red flag indicators published by FinCEN and FATF and how they fit into an AML compliance program. She will also discuss how to use blockchain analysis and cryptocurrency intelligence to identify these red flags and mitigate their risks, as well as, a number of case studies that shows how financial institutions were able to identify illicit activities involving virtual currencies that were flowing through their institution. Objectives: -Review the current red flags as identified by FinCen and FATF -Learn how blockchain analysis and crypto intelligence is used to identify and mitigate virtual currency risks -Discuss recent case studies of how financial institutions were able to identify illicit activities involving virtual currencies -Understand the key exposure with crypto before your next exam

    The event is finished.

    Date

    Sep 24 2021

    Time

    12:00 pm - 1:00 pm

    Cost

    Free
    Alessa

    Organizer

    Alessa
    Website
    https://www.caseware.com/alessa/
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    Speakers