E-money and Crypto Currencies

Faculty

 

Facilitator:Ionuț Stoica - Lecturer / Trainer / Cybercrime Expert – Head of Cybercrime Academy, CEPOL

By definition, crypto currencies are decentralized and therefore extremely difficult to control. However, in 2018, NBR announced that it discourages any involvement of financial institutions in the crypto currency sector because of reputational risks and the high risks of losing the money invested in virtual assets. Following this announcement almost all the local banks closed the accounts of several crypto currency exchanges.

The EU Anti Money Laundering (AML) Directives make significant new legislative steps in the treatment of virtual currencies, by introducing regulations for providers of crypto currency exchanges and wallets which must now be registered with the competent authorities in their domestic locations. In the same, time crypto currency exchanges are considered “obliged entities” and face the same CFT/AML regulations applied to financial institutions.

In a world where money laundering is fuelled by a high level of sophistication, crypto currencies offer a perfect disguise and are serving to facilitate the issue of illicit money flows. Therefore it is extremely important to understand this new payment ecosystem and the implications to ensure compliance with AML regulations.

Learning Outcomes
Comprehend the regulations on crypto currencies.
Understand the structure of crypto currencies and identify indicators of illegal use of e-money and crypto currencies.
Better evaluation of the AML risks related to crypto currencies.
Share good practices to identify and trace wallets and crypto currency transactions.
Analyze problems connected to audit of use of crypto currencies as a payment solution.

Content

Why is important to regulate e-Money and crypto currencies?
EU legislation – 4th, 5th and 6th AMLDs, directives on combating money laundering by criminal law – regulations for e-money and crypto currencies
Romanian legislative framework – overview, evolution.
Blockchain technology and evolution of crypto currencies.
Crypto wallets and crypto exchanges.
Crypto currencies - challenges in AML/CFT
Case studies

Target Audience: AML & Compliance Managers and Officers, Risk management Officers, Management executives, Audit, Lawyers, Regulatory, Law Enforcement representatives,  Consultants, Fintech/Regtech practitioners etc. 

Number Of Participants: limited to max. 12
The webinar will be highly interactive, based on discussions and case studies.

Ionuț is the Head of the Cybercrime Academy within the EU Agency for Law Enforcement Training (CEPOL), being responsible for developing the necessary knowledge and expertise on cybercrime in law enforcement authorities across Europe.

Previously, he was involved in capacity building programs aiming at strengthening legislation and institutional capacities on cybercrime as Senior Project Officer within Cybercrime Programme Office of the Council of Europe and also acted as a cybercrime investigator and the Head of the Dept for Combatting Online Frauds and Electronic Payment Frauds, within the Romanian Police, Central Cybercrime Unit having more than 14 years’ experience in the cybercrime field.

He is a certified trainer, and he has provided seminars for financial sector professionals in Romania and abroad covering Online Money Laundering, Payment Card Fraud, Blockchain and Crypto Currencies and Measures for Combating Financial Criminality. Ionut holds a Bachelor degree in Law from the Police Academy, a Bachelor degree in Communication and Public Relations, from the National School of Political Studies and Administration and a Master’s degree in International Cooperation.

Facilitator: Ionuț Stoica – Head of Cybercrime Academy, CEPOL
Presenter/ Trainer/Cybercrime Expert   

When:   

May 26,2022 (2 pm – 6,15 pm)   

November 24, 2022 (2 pm – 6,15 pm)                    

Registration:             

by May 19, 2022 

by November 17, 2022

Duration: 4 hours (net) 

The webinar will be delivered using Online Platform, allowing the virtual participation, both from home and from work, with no risks associated, using just a browser. After the registration to the course, one day before the online sessions took place, the participants will receive a link to access the virtual classroom.

A digital certificate will be issued by Envisia after the course.