Cryptocurrency and Digital Asset Compliance - ZISHI

Cryptocurrency and Digital Asset Compliance

This course provides an introduction to digital currencies, the risks currently associated with them and the steps that firms need to be taking in order to ensure that compliance requirements are fulfilled.

CPD:

3 CPD Hours

Cryptocurrency and digital asset compliance

Course available in-house:

Yes

Price per person (Ex. VAT): Provided on request

KEY BENEFITS

  • Building confidence among senior execs and CCOs when dealing with digital assets, (virtual currencies) and digital ledger technology (blockchain).
  • Considering how regulatory guidance should shape the in-house risk and compliance frame work, for effective risk management when dealing with digital assets.
  • Understanding digital assets as a means of exchange and payment, including facilitating regulated payments.

COURSE OVERVIEW

The world of Cryptocurrency is evolving rapidly, with a small number of regulated financial services firms already seeking to benefit from this innovation, particularly in the area of payment services.  The take up in the commercial mainstream is only set to grow as knowledge of the subject increases, the technology becomes better understood and potential blind spots around AML and Compliance are identified and addressed.

 

Digital currencies can be introduced as an alternative method of payment, or form of investment. As long as the technology and risks associated with block chain are understood, then a frame work can be established to manage and mitigate the risks, whilst allowing firms to benefit commercially from this innovation.

 

The Course Agenda

Current Regulatory Frame work

  • Understanding the terms ‘bitcoin’, ‘blockchain’, ‘smart contracts’ – to take you from “I’ve heard of blockchain but I’m not sure what it is” to “I can accept cryptocurrencies in my business and start serving clients in this sector”
  • Exploring FCA guidance on the subject
  • Gaining an appreciation of what other countries are doing in this space and the competition in general

 

Risk and Compliance issues associated with cryptocurrency

  • Considering how risks associated with crypto currencies can be managed and mitigated
  • Understanding how current mechanisms around compliance and AML can be adapted to the meet the demands of the evolving technology

 

The commercial benefits

  • Understanding the practical application of cryptocurrencies in the day to day running of firms
  • Considering the ethical and moral position in relation to the new technology and innovation
  • Exploring the possible impact of Brexit on London as a hub of fintech and innovation through making the most of the opportunities associated with digital assets

If you have any questions about this course, please feel free to get in touch via email on info@thezishi.com or by calling +44 (0)204 551 8568 (please choose option 2).

This course provides an introduction to digital currencies, the risks currently associated with them and the steps that firms need to be taking in order to ensure that compliance requirements are fulfilled.

CPD:

3 CPD Hours

Cryptocurrency and digital asset compliance

Course available in-house:

Yes

Price per person (Ex. VAT): Provided on request

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