Virtual Currencies, AML and CFT: Operational Compliance

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"Impressive coverage of cutting-edge topics and pressing issues related to virtual assets nowadays."
A highly comprehensive yet accessible training course that will guide attendees through all relevant issues relating to VC, money laundering, and terrorist financing. Attendees will be clearly guided through how VC operate; the regulation of VC; VC Jurisdictional Approaches; and Adapting and Implementing internal Anti-Money Laundering (AML) and Counter-the-Financing of Terrorism (CFT) Risk-Based Approaches. Attendees will develop a highly comprehensive understanding of the ML and TF risks that .. continue reading VC pose, as well as understanding how Crypto Assets are utilised across the Placement, Layering, and Integration stages of ML and TF. Attendees will also be guided through global developments relevant to VC, ML, and TF, the development of Financial Action Task Force (FATF) VC standards and recommendations, and will also better understand what new AML/CFT technologies are available to implement effective AML and CFT operational compliance frameworks in this new high technology VC era.


  • Money Laundering and Terrorist Financing Risks related to Virtual Assets and Cryptocurrencies.
  • How Crypto Assets are utilised across the Placement, Layering, and Integration stages of ML and TF.
  • FATF Standards and Recommendations on Virtual Assets.
  • AML and CFT Technologies, Risk Based Approaches and Operational Compliance.
  • Consequences of the extension of EU AML/CFT frameworks to VC by the 5AML Directive in 2020.


9:00 AM - 5:00 PM Business Hours

Entry Fees

Paid Ticket Starts from 1500 GBP View Details



1 Exhibitors Estimated Count

Category & Type

Education & Training
Banking & Finance


26 Nov 2019

Frequency One-time

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Storm-7 Consulting Limited UK

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Rodrigo Zepeda

Rodrigo Zepeda

Managing Director and Expert Trainer at Storm-7 Consulting

Schedule & Agenda

Tue, 26 Nov 09:00 AM - 09:30 AMBreakfast Networking Networking

Breakfast and Networking


1. Satoshi Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System”;
A Decade of Cryptocurrencies: From 2008 to 2018; Bitcoin and the
Modern Cryptocurrency Boom.
2. How Cryptocurrencies Work (Distributed Ledger Technology;
Blockchain; Private Keys; Wallets; Administrator; User; Exchanger;
Wallet Provider; Mixers; Miners; Finite Supply; Cryptocurrency
3. A Review of Leading Cryptocurrencies (Bitcoin (BTC); Bitcoin Cash
(BCH); Cardano (ADA); Dash (DASH); EOS (EOS); Ethereum (ETH);
Litecoin (LTC); Monero (XMR); NEO (NEO); Ripple (XRP); Zeash (ZEC).
4. Advantages of Cryptocurrencies; Cryptocurrencies and Potential
Risks; Cryptocurrencies and Money Laundering (ML) and Terrorist
Financing (TF).

Tue, 26 Nov 10:30 AM - 11:00 AMNetworking Break Break

Networking Break

Tue, 26 Nov 11:00 AM - 12:00 PMANALYSIS OF VC FRAMEWORKS Session

1. FATF Virtual Currencies (VC) Definitions (VC; Digital Currency;
Convertible VC (CVC); Non-Convertible VC (NCVC); Centralised VC;
Decentralised VC; Cryptocurrency; Dark Wallet; Cold Storage; Hot
2. Global Legal Status of VC (Countries with an Absolute Ban; Countries
with an Implicit Ban); Regulatory Framework for VC (Application of
Tax Laws; Application of Anti-Money Laundering (AML) and Counterthe-
Financing of Terrorism (CFT) Laws); Countries Issuing National or
Regional VC.
3. Regulation of VCs; European Approach (Fifth AML (5AML) Directive
and VC Coverage; Providers Engaged in Exchange Services between
VC and Fiat Currencies; Custodian Wallet Providers); Global Example
Jurisdictional Approaches (Bermuda; Canada; Japan; Korea; Malta;
United Kingdom; United States of America).
4. Historical Case Studies (Liberty Reserve; Silk Road; AlphaBay;
Western Express International).

Tue, 26 Nov 12:00 PM - 01:30 PMLunch and Networking Break

Lunch Break and Networking

Tue, 26 Nov 01:30 PM - 02:30 PMVC RISK-BASED APPROACH Session

1. VC, AML, and CFT High Risk Areas (The Onion Router (TOR); Alt Coins;
Crowdfunding Risks (BTC Jam; Swarm); Merchant Payments (BitPay;
Bitstamp; Braintree; CoinBase; Gemini; Kraken); Anonymous Wallets
(Dark Wallet; BitLox; Jaxx; Samourai); Mixing Services (Bitlaunder;
Coin Mixer; Helix); OpenBazaar; Massively Multiplayer Online Role-
Playing Games (MMORPGs)).
2. FATF Public Statement – Mitigating Risks from Virtual Assets; Draft
Interpretive Note to FATF Recommendation 15; Draft Paragraph 7(b).
3. FATF New Payment Products and Services (NPPS) Risk Factors (Nonface-
to-face relationships and anonymity; Geographical Reach;
Methods of Funding; Access to Cash; Segmentation of Services);
Payment Methods Risk Factors Matrix.
4. FATF NPPS Risk Mitigation Measures (Customer Due Diligence (CDD);
Loading Value and Geographical Limits; Source of Funding; Record
Keeping, Transaction Monitoring and Reporting).

Tue, 26 Nov 02:30 PM - 03:00 PMNetworking Break Break

Break and Networking

Tue, 26 Nov 03:00 PM - 04:00 PMVC OPERATIONAL COMPLIANCE Session

1. Crypto Assets and Placement, Layering, and Integration.
2. Enhanced Due Diligence (EDD) Measures and Questions for VC
Exchanges and Clients (Client Risk; Service Risk; Geographic Risk;
Sector Risk; Channel Risk).
3. Operational Case Studies (ShapeShift; Manhattan District Attorney v.
4. Example Technology Case Studies: (1) ComplyAdvantage (RESTful
Two Way Application Programming Interface (API); Customised
Screening Criteria; Crypto-Transaction Monitoring); (2) Elliptic
(Cryptocurrency Forensics; AML Software; Investigations Services); (3)
Chainalysis (Chainalysis Reactor; Chainalysis Know Your Transaction
(KYT); Activity Monitoring Reports; Enhanced Due Diligence Tools); (4)
CipherTrace (Attribution Information; Machine Learning Algorithms;
API Risk Scores; Visual Investigation Tools).

Tue, 26 Nov 04:00 PM - 05:00 PMQ&A Session Session

Q&A and Final Review

Visitor Ticket Price

1500 GBPDelegates One-day comprehensive attendance fee for one delegate
51.507000 -0.128000

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London, UK

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