As part of their efforts to safeguard the virtual-asset sector from criminal abuse, Coinbase Global, Inc. and ACAMS are teaming up to educate anti-financial crime (AFC) professionals on the illicit-finance risks and compliance strategies associated with cryptocurrencies. Under the initiative, more than 60 Coinbase employees will take part in the new Certified Cryptoasset Anti-Financial Crime Specialist (CCAS) certification program, which trains participants on the AML controls and risk-management policies and procedures used across an array of stakeholder organizations in the crypto space.
Launched by ACAMS in October 2022, the CCAS program requires successful applicants to master such topics as common illicit-finance typologies in the crypto sector, Know-Your-Customer standards and best practices, strategies to monitor and track related blockchain payments, and relevant applications of machine-learning and artificial-intelligence tools. To obtain their CCAS credential, Coinbase compliance staff must pass a 175-minute exam of 100 multiple-choice and multiple-select questions drawn from the course’s study guide.
