By Melvin Onwubuke
Digital blockchain and forensic company, A&D Forensics, trained a new set of Crytocurrency Currency Compliance Specialist (3CS) to track suspicious financial transactions.
According to BusinessDay, the Co-founder and Senior Partners at A & D Forensics in Abuja, explaining the significance of the ongoing training initiative said “effective compliance is crucial to prevent illicit activities, ensuring that Crytocurrency platforms are not used for unlawful activities.
“Financial crimes grow faster in an environment that is not regulated, so Nigeria needs to completely regulate cryptocurrency activities within the country, set the rules.”
He added “training is key because, there are now tools to make sure that, when those actors approach your platform, your platform flags it to determine, if it is not coming from hacks, scam, darknet market or proceeds from ransomware that has been paid, or terrorism financing.”
“Complaint Officer needs the right tools, to flag potential risks immediately, ensuring that transactions are scrutinized before approval” he pointed out.
Chioma onyeka, Certified Cryptocurrency Investigator at A&D Forensics stated that certified Cryptocurrency Compliance Specialist (3CS) was specifically set up to equip participants to fully imbibe effective policies and prevent financial crimes, using Cryptocurrency compliance tools.
Furthermore, she notes that, at the end of the training, the participants will become thoroughly trained and Certified Compliance Officers; able to advise their organizations, exchange platforms on the right compliance issues regarding anti money laundering, terror financing. Sanction Compliance, and the right policies that have to be in place and the right tools in the market.
