Module 4 - KYC Research

Cryptocurrencies present new challenges when it comes to identifying suspicious activities. The transparency of blockchains, combined with the use of multiple wallets, exchanges, and platforms, creates new opportunities for transaction analysis, but also new ways in which financial crime can occur.

In this module, you will learn how to identify and analyze red flags in crypto transactions. Both general indicators and specific red flags for different types of institutions, such as banks, crypto service providers, and payment service providers, will be covered.

In addition, the module explains how to conduct blockchain investigations using block explorers and blockchain analytics tools. You will learn how to trace transactions, analyze wallets, and identify patterns that may indicate suspicious activity.

Finally, the module focuses on customer due diligence and communication in a crypto context. Through practical case studies, you will learn how to conduct effective KYC investigations, which questions are relevant to ask, and how to use information obtained from blockchain analyses in risk assessments.