Crypto and other virtual currencies are inherently higher risk. Being higher risk, however, doesn't necessarily mean that the activity itself or the customer relationship, as a whole, are bad.

There's just more risk than there may be with other types of activity or customer relationships you may have. These do directly impact your BSA/AML compliance program and therefore it's important that before you get into a relationship with a customer that is in the crypto/virtual industry, you need to make sure that you've done your due diligence to understand the customer, their business, their activity, etc.What You'll Learn:

• Crypto Lingo Crash Course: Exchanges and Miners and Tumblers, Oh My!
  
• Understanding and Assessing the Risks to 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 Also a Money Service Business?
  
• Red Flags for Virtual Currency Abuse and Spotting Unusual Activity