We are excited to announce that FINTRAIL and Elliptic have partnered up to launch the ‘Cryptoasset Compliance Virtual Bootcamp’ series.

This bootcamp series will focus on the key pillars that we see as vital to a strong cryptoasset financial crime risk management framework.

Session 1 of 3: Cryptoasset risks . . . What’s your appetite?

Effective risk management starts by defining your risk appetite. If you are a cryptoasset business, have you articulated to your staff which risks you’re willing to accept? For example, are there certain countries that present especially high cryptoasset risks and with which you won’t do business? And if you are a FinTech or bank, have you clearly defined what degree of interaction your business will or won’t have with cryptoassets, and do your staff understand how to ensure adherence to that risk appetite? Until you’ve defined your risk appetite, you can’t expect your compliance team to develop an effective response. In this session, we’ll provide you with a conceptual framework for defining your cryptoasset risk appetite and using that foundation for effective risk management.

• Key takeaways: an understanding of how you can develop a risk appetite statement on crypto, and how it can affect your business, relevant examples of statements related to cryptoassets.