The Chamber of Digital Commerce will host an Anti-Money Laundering (AML) Compliance Bootcamp for Digital Currency in New York City on April 30 – May 1, 2015. On May 2, a separate AML Program Drafting Workshop will be held as well. The bootcamp and workshop are meant to provide education on AML and OFAC compliance specifically for bankers and professionals in the digital currency industry.
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The Chamber of Digital Commerce is an authoritative representative for digital currency in Washington, DC. The non-profit organization has made it their mission to promote education and acceptance of digital currency to both the public and government.
AML Compliance Bootcamp Objectives:
- Assemble framework for building or enhancing AML compliance programs.
- Learn how to meet the expectations of regulators (IRS, SEC, state money transmitter regulators, and etc) and banks.
- Prepare for your next AML compliance review, whether conducted by your bank, a regulator or an auditor.
AML Program Drafting Workshop
The day 3 workshop will take a more hands-on approach. Attendees will work with their peers to apply information learned from the bootcamp.
This optional workshop will help prepare people to handle everyday compliance situations.
Who the Bootcamp is For
- Payments Professionals
- Attorneys
- Accountants
- Auditors and Independent Reviewers
- Others interested in all digital currencies
Why the AML Compliance Bootcamp is Important
AML compliance for bitcoin is a new territory for bankers and professionals, one that is complex yet must be understood to maintain
regulatory compliance. The bootcamp is important not only to educate on AML compliance, but also to provide awareness on risk management and issues facing digital currency companies. If companies develop a better understanding of these aspects, the Chamber believes that banks will be more willing to provide their services.
The bootcamp meets federal training requirements and has been approved for continuing education credits by ACAMS, CLE, CSBS, DCC, and others.
The Chamber of Digital Commerce is now accepting grant applications from bankers to attend the program. Two grants to cover tuition will be awarded by the Chamber of Digital Commerce to select bank or credit union employees who apply.
Any person who wishes to attend the bootcamp should complete their application with the Chamber of Digital Commerce. Apply or find out more information on the AML Compliance Bootcamp by visiting DigitalChamber.org.
Will you be attending the AML Compliance Bootcamp? Let us know in the comments below!
Image courtesy of the Chamber of Digital Commerce.