By Ricky Funk

1. CRYPTO-KYC
Atty. Richard David C. Funk II
Legal and AML Compliance Head
Appsolutely, Inc. (Phils)

2. Digital Currency1

3. Digital Currency
◉ Fiat Currency
◉ Virtual Currency

4. Anonymity2

5. Anti-Money
Laundering and
Counter Financing
of Terrorism
(AML/CFT)
3

6. Know Your
Cryptocurrency4

7. Due Diligence5

8. Know Your
Customer6

9. Customer
Onboarding7

10. Transaction
Onboarding
8

11. Customer
Monitoring9

12. Transaction
Monitoring
10

13. Risk Profiling
and Risk
Mitigation11

14. Risk Profiling
◉ Leveling of Risks
 Low Risk
 Normal or Average Risk
 High Risk
Normal or
Average Due Diligence
Enhanced Due Diligence

15. Risk Mitigation
◉ Reputational Risk
◉ Operational Risk
◉ Legal or Regulatory Risk

16. Policies, Procedures and
Controls
◉ Policies, Procedures and Practice to “KNOW YOUR
CUSTOMER”
◉ Record Keeping
◉ Reporting of Covered and Suspicious Transactions
◉ Training of Employees to identify/react and report
possible suspicious activity
◉ Written “Anti-Money Laundering Prevention Program”
duly approved by the Board of Directors

17. Financial Inclusion12

18. Any questions ?
You can find me at
◉ @username
◉ user@mail.me
Thanks!