AML/KYC Training for Crypto Companies operating under Estonian FIU licence

Money Laundering is a potential indicator of terrorist funding and other global crimes, making AML training even more necessary. Our courses intend to familiarize employees with the process of money laundering — the criminal business used to disguise the true origin and ownership of illegal cash — and the laws that make it a crime.

This training is designed for Crypto Companies who would like to comply with new AML Law requirements

Lecturers:  Mari-Liis Kurg and Marko Talur

Duration: 3 hours

All participants will receive certification

PART 1 : Legal Environment and Risk Governance

• Supervisory body and recent changes in Financial Intelligence Unit
• MLRO/Compliance Officer Civil and Criminal Liability, Fit and Proper, legal obligations
• Applicable laws and regulations in Estonia
• How to  fit crypto into Financial Sector
• Risk Management: 3 Line of Defence, how to conduct ML/TF Risk assessment and elements for Risk Appetite Statement
• Ongoing Moneyval assessment

Part 2:  Know Your Customer

• Outsourcing requirements and liability
• Customer Onboarding Requirements including identification and verification of private and legal entities/clients and their representatives, customer lifecycle process, measures to assess customer related risks, due diligence
• Data Retention: registering, submitting, saving, and deleting data
• Definition of wallet?

PART 3 : Effective AML Program

• Payments on SWIFT/SEPA vs Blockchain
• Sanctions: Customer and Transaction screening requirements
• Know Your Transaction
• How to detect suspicious customer activity and implementing the necessary due diligence measures and their compliance with the risk assessment

PART 4: Red Flags and Reporting Suspicious Activity

• How to Design and Implement Controls
• What are the elements for  reporting
• RED Flags indicators according to FATF
• Criminal activity trends in the crypto market
• What are the trends of most influential institutions and organizations?  European Commission, Financial Intelligence Unit trends, Moneyval etc

Price: 179€