BR Academy

Crypto Compliance Essentials: AML, KYC and the Travel Rule

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← Crypto Compliance Essentials: AML, KYC and the Travel Rule

1AML/KYC Fundamentals0/5

Why AML/KYC Exists: Money Laundering, Terrorism Financing, and Regulatory Response8m
The AML/KYC Framework: FATF Recommendations and Global Standards
Customer Due Diligence (CDD): Identity Verification, Risk Assessment, and Documentation
Enhanced Due Diligence (EDD): When, Why, and How
KYC Technology: APIs, Verification Providers, and Automation
Module quiz

2US Money Transmitter Licensing and Regulation0/5

What Makes You a Money Transmitter Under FinCEN
Money Transmitter Licensing: State-by-State Requirements and Costs
Ongoing Compliance: SAR, CTR, and Record-Keeping
Building a BSA/AML Program: Policies, Procedures, and Training
Case Study: Ripple Labs and FinCEN Enforcement
Module quiz

3The Travel Rule and Implementation0/5

The Travel Rule: Definition, Scope, and Why It Matters
Travel Rule Technology: TRISA, Shyft, and Other Solutions
Designing a Travel Rule Compliance Process
Testing and Auditing Your Travel Rule Implementation
Case Study: Chainalysis and Travel Rule Enforcement
Module quiz

4Sanctions Screening and OFAC0/5

OFAC Sanctions: Lists, Designations, and Your Obligations
Building a Sanctions Screening Process
Screening Tools and Vendors: Evaluation and Integration
Managing False Positives and Blocked Transactions
Case Study: Tornado Cash and OFAC Enforcement
Module quiz

5International Compliance and MiCA0/4

MiCA: The EU's Markets in Crypto-Assets Regulation
MiCA Compliance Requirements for EU-Facing Businesses
Compliance in Other Jurisdictions: Singapore, Hong Kong, Japan
Managing Multi-Jurisdiction Compliance
Module quiz

6Building and Operating a Compliance Program0/5

Designing a Compliance Program: Governance, Roles, and Responsibilities
Writing Policies and Procedures That Work
Compliance Training and Building a Compliance Culture
Vendor Management and Third-Party Risk
Internal Audit, Monitoring, and Continuous Improvement
Module quiz

7Capstone Project u2014 Compliance Program Design0/1

Capstone Brief: Design a Compliance Program for a Fictional Crypto Business
Module quiz

US Money Transmitter Licensing and Regulation·Lesson 10 of 30·10 min

Case Study: Ripple Labs and FinCEN Enforcement

This lesson is for enrolled learners

The concept In May 2015, FinCEN announced a $700,000 civil penalty against Ripple Labs Inc. and its subsidiary XRP II, LLC — the first FinCEN enforcement action against a virtual currency exchanger, and still one of the clearest teaching cases for what "we're a tech company, not a money transmitter" gets wrong in practice. FinCEN's findings, as described in its……

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