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Certificate in Cryptocurrency Money Laundering and Risk Management

Enroll in the Certificate in Cryptocurrency Money Laundering and Risk Management and take your Risk Management Career to the next level!

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Course Description

The « Certificate in Cryptocurrency Money Laundering and Risk Management » is designed to provide participants with a comprehensive understanding of the intricate relationship between blockchain technology, cryptocurrencies, and the evolving landscape of money laundering risks. This program delves into the fundamentals of blockchain, the mechanics of cryptocurrencies, and the allure of Non-Fungible Tokens (NFTs) for illicit activities. Participants will gain insights into real-world case studies and learn strategies to effectively manage and mitigate cryptocurrency-related money laundering risks.

Module 1: Understanding Blockchain technology, Cryptocurrency, and Non Fungible Tokens (NFTs)
This module serves as a foundation for the program, unraveling the mysteries of blockchain technology and its role in powering cryptocurrencies. Participants will explore the inner workings of blockchain, delve into consensus mechanisms, and understand the distinctive features of NFTs. The module further investigates the attractiveness of cryptocurrencies and NFTs for money launderers, using a case study to illustrate the process of launching a cryptocurrency. A comprehensive summary and assessment round off the module, providing participants with a solid grasp of the basics.

Module 2: Money Laundering Using Cryptocurrency and NFTs
Module 2 delves into the darker side of cryptocurrencies and NFTs, exposing the potential for money laundering within these digital realms. Participants will be guided through the stages of cryptocurrency money laundering and exposed to various methods employed by illicit actors. The module also examines threats related to NFTs and sheds light on the concept of NFT wash trading. A compelling case study involving Initial Coin Offerings (ICOs) underscores the real-world implications of these issues, enabling participants to grasp the complexities and challenges of tackling cryptocurrency-driven money laundering.

Module 3: Market Developments and Emerging Risks – DeFIs and NFTs
Emerging trends in the cryptocurrency landscape are the focus of Module 3, as participants explore key risk indicators, market developments, and evolving risks associated with Decentralized Finance (DeFi) and NFTs. Updates from the Financial Action Task Force (FATF) provide participants with the latest insights into regulatory responses to these trends. The module shines a spotlight on emerging risks, including sanctions evasion and ransomware, culminating in a compelling case study involving cryptocurrencies’ role in illicit activities on darknet marketplaces.

Module 4: Managing Cryptocurrency Money Laundering Risks
The final module equips participants with actionable strategies to manage and mitigate cryptocurrency-related money laundering risks. Participants will learn to identify red flags, analyze risks, assess their severity, and devise effective risk treatment plans. A detailed case study illustrating a company’s money laundering risk management plan brings theoretical concepts to life. This module provides a holistic understanding of risk management, empowering participants to navigate the complex world of cryptocurrencies with confidence.

Final Assessment and Completion
Upon completing the program, participants will undertake a final assessment to gauge their comprehension of the material covered throughout the course. Successful completion of the assessment leads to the awarding of the « Certificate in Cryptocurrency Money Laundering and Risk Management. » This certificate signifies participants’ expertise in understanding cryptocurrency-driven money laundering risks and their ability to employ strategic risk management techniques to address these challenges effectively.


What You Will Get From This Course

In-demand Skills

Gain the relevant knowledge to ensure that you are supporting your firm and progressing your career.

Career Credential

Get a certificate from the FCA Financial Crime Academy.

Flexibility

Study on-demand and at your own time and pace, regardless of where you are in the world with this flexible online course.

Global Community

Get access to our exclusive LinkedIn group with 1,500+ like-minded professionals and experts.

Course Material

Download supplementary course material such as the comprehensive course study guide.

Quiz Questions

Test your knowledge with multiple-choice questions and determine which skills you have mastered!


Course Overview

Learning Objectives

  • Understanding the concepts and principles of blockchain technology, cryptocurrencies, Non-Fungible token, Blockchain mechanics, Distributed Ledger Technology.
  • Understanding the concepts of types of Blockchains, and why are Cryptocurrencies and NFTs attractive for Money Launderers?
  • Understanding the concepts of money Laundering through Cryptocurrency
  • Understanding Stages of Cryptocurrency Money Laundering, Money laundering through NFTs, and Understanding NFT Wash Trading
  • Understanding Emerging Key Risk Indicators for Cryptocurrencies
  • Learning the FATF updates on Market Developments and Emerging Risks – DeFI, FATF
  • Learning the FATF updates on Market Developments and Emerging Risks – Other Market Developments (P2P and Stable Coins),
  • Learning Emerging Risks – Sanctions Evasion and Ransomware
  • Understanding different stages of Cryptocurrency risk management process
  • Learning 4 stages of cryptocurrencies risk management process.

Target Audience

  • Compliance professionals that want to acquire a solid understanding of Blockchain and Cryptocurrency Risk Management
  • Risk management professionals that want to effectively manage Cryptoassets and Cryptocurrency Risks
  • Ambitious risk management and compliance personnel looking to broaden knowledge and skills related to Blockchain and Cryptocurrency Risk Management
  • Career starters seeking career opportunities in the risk management industry

Requirements

For participating in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.). You will need no previous knowledge in compliance or anti-financial crime, although this is helpful. A background in business, legal, or finance might also be beneficial but is not required.

Learning Method

This Certification Program is presented entirely online. Modules can be completed in your own time and at your own pace. This interactive, supportive teaching model is designed for busy professionals and results in unprecedented certification rates for Certification Programs.


Course Curriculum

Introduction to the Program

  • Introduction to the Program

Module 1: Understanding Blockchain technology, Cryptocurrency and Non Fungible Tokens (NFTs)

  • Introduction to this Module
  • What is Blockchain?
  • How does a Blockchain Work?
  • Understanding the Blockchain Consensus Mechanism
  • Understanding Cryptocurrencies and Non Fungible Tokens (NFTs)
  • Why are Cryptocurrencies and NFTs attractive for Money Launderers?
  • Case Study – Launching a Cryptocurrency
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 2: Money Laundering Using Cryptocurrency and NFTs

  • Introduction to this Module
  • Money Laundering Using Cryptocurrencies
  • Stages of Cryptocurrency Money Laundering
  • Methods of Money Laundering using Cryptocurrencies and Money Laundering Threats related to NFTs
  • Understanding NFT Wash Trading
  • Case Study: A startup raising the funds from the general public using Initial Coin Offerings as a fundraising method
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 3: Market Developments and Emerging Risks – DeFIs and NFTs

  • Introduction to this Module
  • Emerging Key Risk Indicators for Cryptocurrencies
  • FATF updates on Market Developments and Emerging Risks – DeFI
  • FATF updates on Market Developments and Emerging Risks – Non Fungible Tokens (NFTs)
  • FATF updates on Market Developments and Emerging Risks – Other Market Developments (P2P and Stable Coins)
  • Emerging Risks – Sanctions Evasion and Ransomware
  • Case Study – The Use of Cryptocurrencies on Darknet Marketplaces
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 4: Managing Cryptocurrency Money Laundering Risks

  • Introduction to this Module
  • Cryptocurrency Red Flags, their Causes and Management
  • Steps Involved in performing Cryptocurrencies Risk Management
  • Step # 1 Risk Identification
  • Step # 2 Risks Analysis
  • Step # 3 Risks Assessment
  • Step # 4 Risks Treatment Plan
  • Case Study: ABC company Money laundering Risk Management Plan
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Final Assessment

  • Final Assessment

Completing the Program

  • Completing the Program

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Frequently Asked Questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, a smartphone or table, and a stable internet connection.

Can I download course files and resources for the course?

Absolutely! All the files (including study guide, audiobook, course slides, etc.) in a course are available for download. Just look for a module that shows the files within a course.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 60% passing grade.

How are the exams conducted?

Students are required to complete an online assessment (mostly multiple choice questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 60% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how the Financial Crime Academy’s courses have helped so many people advance their anti-financial crime, compliance, and risk management careers. Our courses are designed to teach in-demand skills and relevant background knowledge of subject matter expertise needed in practice.

More Questions?

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