AMLBot Stream AMLBotStream

We’ll dive into the risks of criminal prosecution, explore sanctions from OFAC, EU, and UN, and reveal how crypto companies can use KYT and KYC to identify sanctioned entities. Discover the steps to take when a sanctioned entity or assets are identified and hear real-life stories that highlight the importance of compliance. Don’t miss this essential guide. https://amlbot.com/

Graeme dissects the Pig Butchering Scams in Crypto, detailing how scammers lure victims into setting up wallets on legitimate exchanges. This scam takes advantage of the complexity and unfamiliarity of cryptocurrency transactions. It begins by establishing trust and a connection. Scammers create a fake persona, typically an ideal romantic partner, and reach out to potential victims via online dating sites and social media. They then spend considerable time cultivating a deep emotional bond with the victim.

Today’s topic is Risk Assessment with a main focus on high risk, which is the most important aspect, I’ll explain why. One of the most asked questions we receive from our clients is, ”What are the best ways to mitigate high-risk to keep us safe?”
To support the need I’ll share some typologies, examples, best practices.
The objective is to understand the entity’s risk-bearing capacity, risk appetite, risk limits and risk profile.