American CBA LLC

Event Description

Cryptocurrency activity is no longer limited to digital asset companies and specialized exchanges. Traditional financial institutions increasingly encounter customers who buy, sell, transfer, or receive digital assets through bank accounts, wires, ACH transactions, payment applications, crypto ATMs, and domestic or offshore exchanges. These transactions can create significant BSA/AML, sanctions, fraud, legal, operational, and reputational risks—particularly when funds move through opaque platforms, unregistered exchanges, mixers, or multiple digital wallets. 

In this one-hour webinar, attendees will receive a practical introduction to digital assets, blockchain technology, cryptocurrency exchanges, and the regulatory framework surrounding convertible virtual currency. The session will explain how crypto-related activity intersects with Bank Secrecy Act requirements, FinCEN expectations, OFAC sanctions compliance, customer due diligence, and transaction monitoring. It will also examine the risks identified by federal banking regulators, including fraud, misleading representations, market volatility, run risk, interconnectedness, weak governance, cyber threats, and illicit finance. 

Most importantly, the webinar will help financial institutions recognize real-world warning signs associated with unlicensed exchanges, crypto mules, customer victimization, rapid movement of funds, offshore transfers, crypto ATMs, and activity inconsistent with a customer’s expected profile. Attendees will learn how to investigate crypto-related transactions, evaluate exchanges and counterparties, strengthen escalation procedures, and use available blockchain-analysis and geolocation tools to support more informed and defensible compliance decisions. 

During This Webinar, Attendees Will Learn How To:

• Understand the major types of digital assets, including convertible virtual currencies, stablecoins, securities tokens, NFTs, and digital asset commodities.

• Apply BSA/AML, FinCEN, and OFAC considerations to customers engaging in cryptocurrency-related activity.

• Identify red flags associated with unregistered exchanges, no-KYC platforms, crypto mules, fraud victims, mixers, and offshore transfers.

• Evaluate whether cryptocurrency transactions are consistent with a customer’s stated business, risk profile, source of funds, and expected activity.

• Strengthen transaction monitoring, investigation, documentation, escalation, and risk-management practices for digital asset activity.