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Bank Secrecy Act and Anti-money Laundering

October 23, 2023 @ 1:00 pm - 4:00 pm

Bank Secrecy Act and Anti-money Laundering  – Live Instructor-Led Course

Monday, October 23, 2023

1:00 PM to 4:00 PM Eastern Time  (starting 10:00 AM PT / 5:00 PM GMT)

This course will provide an overview of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, including their history, purpose, and key provisions. The course will cover the role of Bullish in detecting and reporting money laundering and terrorism financing activities, as well as the responsibilities of Bullish under the BSA and AML regulations. The course will also discuss the penalties for non-compliance and best practices for compliance with the BSA and AML regulations.

Bank Secrecy Act and Anti-money Laundering Course Objectives:

  • Understand the history and purpose of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations.
  • Learn about the role of Bullish in detecting and reporting money laundering and terrorism financing activities.
  • Become familiar with the responsibilities of Bullish under the BSA and AML regulations.
  • Understand the penalties for non-compliance with the BSA and AML regulations.
  • Learn best practices for compliance with the BSA and AML regulations.

Course Outline:

Module 1 – Introduction to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations

  • History
  • Purpose of BSA and AML

Module 2 – Financial Crimes Enforcement Network (FinCEN)

  • Financial Crimes Enforcement Network (FinCEN)
  • Oversight of Virtual Currencies
  • Technical Assistance provided by Financial Crimes Enforcement Network (FinCEN)
  • Other Regulatory Agencies SEC, CFTC and DFS

Module 3 – Role of financial institutions in detecting and reporting money laundering and terrorism financing activities

  • Suspicious Activity Reports (SARs) 
  • Reasonable Suspicion 

Module 4 – Responsibilities of financial institutions under the BSA and AML regulations

  • Responsibilities 

Module 5 – Penalties for non-compliance with the BSA and AML regulations

  • Examples of Civil Penalties
  • Examples of Civil Penalties for Crypto Exchanges
  • Examples of Criminal Penalties
  • Examples of Civil Penalties for Crypto Exchanges

Module 6 – Best practices for compliance with the BSA and AML regulations

This program covers 5% of the focus area exam competencies for the Blockchain Legal Professional Level 2 Certification Exam set by the Web3 Certification Board.

Review W3CB Exam Competencies.

Details

Date:
October 23, 2023
Time:
1:00 pm - 4:00 pm
Event Category:

Venue

Blockchain Architecture Workshop – 2 Days

Organizer

Untitled