Description
The Specialist Certificate in Financial Crime Risk in Cryptocurrencies provides a comprehensive understanding of the intersection between financial crime risk and the evolving world of digital currencies. This course explores how emerging technologies like blockchain and cryptocurrencies are reshaping the landscape of financial crime and regulatory compliance. Gain insights into identifying and managing the risks associated with cryptocurrencies, including fraud, money laundering, and terrorist financing.
This course is aligned to the SAQA Framework (NQF Level 4) and the UK QAA Framework (Level 2). Learners will receive a qualification from SAQA and the Alliance Manchester Business School via the International Compliance Association.
Next cohort: 30 June 2025 (4-month instructor led online course).
Who Should Enroll?
This course is ideal for:
- •Compliance professionals and risk managers who want to deepen their understanding of financial crime risks in the cryptocurrency sector.
- •Financial institutions and fintech professionals seeking to enhance their ability to manage cryptocurrency-related risks.
- •Individuals in financial crime prevention roles, such as AML (Anti-Money Laundering), KYC (Know Your Customer), and fraud prevention professionals.
- •Tech professionals and regulators looking to better understand the application of blockchain, cryptocurrencies, and digital finance in combating financial crime.
Why Choose This Course?
- •Gain a thorough understanding of the risks associated with cryptocurrencies and blockchain technologies.
- •Learn practical methods for identifying, managing, and mitigating financial crime in the crypto ecosystem.
- •Stay ahead of the curve in a rapidly evolving regulatory environment with insights into the global regulatory landscape for cryptocurrencies.
- •Understand how emerging technologies, such as AI, ML, and blockchain analytics, are shaping the future of financial crime prevention.
- •Study real-world case studies and industry-specific applications, preparing you to respond to the unique challenges presented by cryptocurrency-related financial crime.
- ICA Specialist Certificate in Financial Crime Risk in Cryptocurrencies Syllabus
Essential Concepts of Financial Crime (available for learners who need to establish or refresh their knowledge)
- •What is money laundering?
- •Identifying suspicious activity
- •Customer due diligence
- •Risk-based approach
- •Money laundering & Terrorist financing
- •Understanding sanctions
Introduction
- •Financial services and technology
- •Perceptions of FinTech and financial crime
- •Benefits of digital technology
- •Regulatory landscape
Distributed Ledger Technologies (DLTs)
- •Introduction to DLTs
- •Benefits of DLTs
Blockchains
- •Introduction to Blockchains
- •Blockchain components
- •Understanding network components
- •Types of consensus algorithm
- •Types of blockchain
- •Application of blockchain in financial services
- •Transactions
- •Hashing
- •Merkle trees
- •Blocks
- •Mining
Cryptocurrencies
- •Introduction to cryptocurrencies
- •The relationship between cryptocurrencies and fiat
- •Factors that make cryptocurrencies attractive to criminals
- •Use of terminology for virtual currencies
- •Bitcoin: key features
- •Factors that determine Bitcoin’s value
- •Understanding cryptographic keys in Bitcoin
- •Transactions
- •Key stages in a transaction
- •Wallets for storing Bitcoin
- •Altcoins
- •Mixing services
- •Crypto ecosystem
- •What are crypto assets?
- •Tokenisation/NFTs
- •Distributed Applications (DApps)
- •Initial Coin Offerings (ICOs)
- •Stablecoins
- •Central bank digital currency
- •BigTechs
- •Bitcoin evolving
Cryptocurrency Risk and Financial Crime
- •Cryptocurrency crime
- •Illicit activity
- •Major financial crime concerns
- •What FATF has to say
- •High-risk/illicit service providers in the crypto ecosystem
Blockchain Investigations vs Traditional Investigations
- •Introduction to blockchain investigations vs traditional investigations
- •Real-time investigations
- •Non-face-to-face onboarding
- •Blockchain analytics tools
- •Why is blockchain analytics important and where is it used?
- •Information sharing and liaising with law enforcement
- •How to determine the source of funds when dealing with cryptocurrency
Solutions to Managing Risk from Crypto-Assets
- •Introduction to solutions to managing risk from crypto-assets
- •Solutions to managing risk from crypto-assets
- •Reducing crime using advanced data techniques: AI, ML, Deep Learning
- •Technology outpaces regulatory response
- •Self-regulations by innovators
- •Crypto Defenders Alliance (CDA)
- •Cryptocurrency Compliance Cooperative (CCC)
- •Global Digital Finance (GDF)
- •Project Participate
- •Regulatory response
- •Regulatory risk of paying ransomware
- •Market supervision for crypto-assets
Red Flag Indicators
- •Red flags related to transactions
- •Red flags related to transaction patterns
- •Red flags related to anonymity
Application within the Financial Industry
- •Introduction to application within the financial industry
- •Decentralised finance
- •DeFi vs traditional finance
- •Regular payments
- •Option trading
- •Bitcoin Options
- •Ethereum Options
- •The future of cryptocurrency
Enroll today in the ICA Specialist Certificate in Financial Crime Risk in Cryptocurrencies.
