How do you keep up with all the different virtual currencies and related services?
This is one of the many questions we received during the live Question & Answer portion of our Virtual BSA/AML Compliance Conference this past November. And, it’s a great one! Crypto and Virtual Currency are becoming more prevalent in day-to-day banking. This presents the potential for additional risk and red flags you need to be aware of.
Hear Kevin’s answer in the video.
- Crypto Lingo Crash Course: Exchanges and Miners and Tumblers, Oh My!
- Understanding and Assessing the Risks
- Updating Your BSA/AML Program
- Customer Due Diligence: What Questions Should You Be Asking?
- Ongoing Customer Due Diligence and Updating the Customer Risk Profile
- Enhanced Customer Due Diligence
- Is This Crypto Business A Money Service Business?
- Red Flags for Virtual Currency Abuse and Spotting Unusual Activity
If you missed the Virtual BSA/AML Compliance Conference, it is available for purchase now OnDemand!
Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them.
Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).