Virtual Currency Part I: Understanding Virtual Currency/Assets

Description

The world of cryptocurrencies is changing daily. Regulators are pushing financial institutions to explain how they are monitoring for it and expect answers. But what exactly is it? How does it work? What are the money laundering and terrorist financing risks associated with it? How do you monitor transactions involving it? Join us as we give you a basic level of understanding of crypto, what it is, how it works, and the money laundering and terrorist financing risks. We will also discuss different types of virtual currency customers and some basic ways to monitor individual and business customers buying/selling crypto and those that have Bitcoin ATMs.