The recent rise of virtual currency has pushed the value of Bitcoin and all cryptocurrencies to more than $1 trillion. Now, it is more than just a fad as major payment companies, asset management funds and other groups use virtual currency—trading, investing, issuing, and shifting cash into cryptocurrency around the world. In this session, learn about the regulatory scrutiny associated with virtual currency, and how your bank could be impacted.
Join moderator, Gabe Hidalgo and a panel of experts as they discuss the regulatory scrutiny associated with virtual currency, and how your bank could be impacted. Discussion highlights include:
- Identifying types of high-risk customers
- Understanding the competitive need, and challenges, in building these new books of business
- Constructing a plan to counter money laundering issues, including enhanced due diligence and ongoing monitoring of higher risk customers
- Reviewing best practices in effective due diligence to minimize risk and maintain compliance standards when onboarding high-risk customers