CipherTrace’s BCEC provides a strong foundation for executives new to cryptocurrency and blockchain. Participants learn the essentials behind blockchain and distributed ledger technology (DLT), how cryptocurrency transactions work, VASP typologies, industry trends, and the role blockchain analytics plays in the crypto ecosystem. BCEC graduates make better informed decisions around cryptocurrency, whether it be in drafting regulations, creating compliance policies, or investigating cryptocurrency-enabled financial crime.

• Learn the basics of blockchain and its underlying technology, presented in a non-technical manner.
• Understand the difference between different types of virtual assets, including alt-coins, stablecoins, and central bank digital currencies (CBDCs).
• Evaluate Crypto Entity typologies, also referred to as Virtual Asset Service Providers (VASPs) in the Ecosystem.
• Recognize the five dimensions of VASP risk.
• Comprehend global trends and recent industry developments.

CipherTrace’s Certified Examiner training provides hands-on instruction in blockchain and cryptocurrency tracing. Participants will develop and hone digital investigation techniques as they learn a risk-based approach to tracing the source of blockchain funds and de-anonymizing cryptocurrency transactions with cryptocurrency forensic tools.

By attending this training you will learn how to best leverage tools and resources to reduce investigation time and improve information yield. Upon successfully completing the course and passing the exam, you will be accredited as a Cryptocurrency Tracing Certified Examiner (CTCE).

Courses are led by the CipherTrace investigations team, leading experts with years of experience with cryptocurrency investigations and due diligence in source of funds. This cryptocurrency financial investigation training provides hands-on instruction in the use of the industry-leading CipherTrace platform. After the completion of training, participants will be able to:

• Trace the source of blockchain funds and de-anonymize cryptocurrency transactions with cryptocurrency (or blockchain) forensic tools
• Quickly risk-rate tokens, transactions, and digital asset businesses
• Apply a risk-based approach to AML compliance
• Use the crypto AML tools to help automate enhanced due diligence reports
• Improve the efficiency and effectiveness of blockchain forensic investigations
• Produce reports that can be given to law enforcement for asset recovery

Participants have the option of either onsite instructor-led training, or a train-the-trainer engagement, that offers a more flexible training, including easy-to-schedule repeat training. CipherTrace can provide onsite training plus create custom certification training programs.

CipherTrace’s Certified Cryptocurrency Risk Specialist (CCRS) training helps you develop a prudent and risk-based approach to your interactions with the virtual currency economy. 

This training is separated into two categories: CCRS Tier I and Tier II. 

Tier I is a one-day training designed to give banks the necessary knowledge to identify, assess and mitigate cryptocurrency risk exposure. Tier II is a customized course for financial institutions interested in banking VASPs or engaging directly in the use of cryptocurrency. Meant to build on the knowledge gained in Tier I, it is available for your financial institution upon request. Tier II will further your understanding of regulations and teach you best practices for onboarding and monitoring crypto entities so that your institution can develop the best risk-based approach for its risk appetite. 

CCRS Tier I delivers the necessary knowledge base FIs need in order to have the ability to comply with regulatory requirements for identifying, assessing and mitigating cryptocurrency risk exposure.  

CCRS Tier I attendees will: 

• • Learn the basics of blockchain and its underlying technology, presented in a non-technical manner. 
  • Evaluate the different types of Crypto Entities (VASPs) in the Ecosystem. 
  • Understand their institution’s crypto-related regulatory responsibilities.
  • Learn how to identify digital asset customer and payment to cryptocurrency MSBs.
  • Know how to conduct a risk assessment of crypto flows in their institution. 

CipherTrace draws on best practices formulated through extensive global work with other financial institutions, governments, regulators, cryptocurrency exchanges and custodians. We also leverage and continue to update our training based on our ongoing discussions with the Financial Action Task Force (FATF), a global AML watchdog, and various offices within the US Department of Treasury, to include FinCEN.