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Specialist course

AML, Sanctions and Crypto-Asset Transaction Controls

For managers of crypto-asset service providers, compliance staff and anti-money laundering specialists. You will design controls for a specific business model and decide when an alert needs further review and when to refer the case to the responsible team. The course includes access to client and transaction analysis software for use in practical exercises.

Curriculum

  1. Month 1

    Risk Assessment and Customer Due Diligence

    You will examine risks by service, customer, jurisdiction and access channel. Using a case study involving an exchange and transfer service provider, you will prepare a risk assessment and define checks for onboarding and ongoing monitoring. These include identifying the beneficial owner, screening for politically exposed persons and verifying the source of funds where warranted by risk.

  2. Month 2

    Sanctions Screening and the Travel Rule

    You will review possible sanctions-list matches and verify originator and beneficiary information for a transfer. In a separate scenario involving a transfer to or from a self-hosted address, you will determine what information to collect and when to verify ownership or control of the address. You will justify your response to missing or conflicting information.

  3. Month 3

    Blockchain Analysis and Suspicious Transaction Reporting

    You will trace the movement of crypto-assets and compare your findings with the customer's profile and behaviour. You will document the grounds for internal escalation and for deciding whether to report to the financial intelligence unit. You will draft a report, determine who may access it and explain how to comply with the prohibition on tipping off the customer about the report or the analysis.

Practical work, examination and certificate

In an individual case study, you will examine transfers involving incomplete information, a self-hosted address and a possible link to a high-risk address. You will defend your written decision on whether to report to the financial intelligence unit. We assess Travel Rule checks, risk analysis, the reasoning behind your decision and measures to maintain confidentiality.

At the end of the course, you will take an examination to assess what you have learned. If you pass, you will receive a certificate with a supplement setting out the training hours, the assessment format and your result for each competency assessed.