Access the client Application

Assignment Steps:

Access the client Application:

Visit the client application.
Create an account if you don’t already have one, or log in using your existing credentials.
Explore the Application:

Spend some time exploring the client platform, focusing on the user registration and transaction processes.
Familiarize yourself with features relevant to AML compliance, such as transaction monitoring and user verification.

Develop a Brief AML Compliance Strategy:

Draft a brief AML compliance strategy for Nortex, outlining key components such as KYC (Know Your Customer) procedures, transaction monitoring, and risk assessment.
Highlight any potential AML risks you identify in the user registration and transaction processes on the client platform.

Case Study:

Analyze the following hypothetical case:
A user has made multiple transactions just below the reporting threshold within a short period.
Describe the steps you would take to investigate this activity and any measures you would recommend implementing to address this type of behavior in the future.

Report Submission:

Compile your AML compliance strategy and case study analysis into a brief report (2-3 pages).
Ensure your report is clear, concise, and professionally formatted.

Evaluation Criteria:

Understanding of AML Regulations: Demonstrates a solid understanding of AML regulations and best practices in the cryptocurrency industry.

Analytical Skills: Effectively identifies AML risks and proposes practical solutions to mitigate them.

Clarity and Precision: Clearly and concisely articulates policies, procedures, and recommendations.

Professionalism: Maintains a professional tone and format throughout the report.

Thoroughness: Provides comprehensive and detailed responses to all aspects of the assignment.

Submission:

Once your report is complete, upload it to the client platform and share the link with the hiring team.

Must be completed in 72 hours from contract.  Expected to be 20 hours.