THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Theme: Emerging issues in Accounting, Financial Crime and Dark Web
Date: 15th – 16th October 2020
Time: 09:00 to 13:00 hours
CPD Units: 10
Where: Virtual Seminar
Block chain technology is disrupting several industries and accounting profession is not an exceptional. The technology has introduced a new class of assets ;crypto-assets. This being an emerging assets class provides accounting professionals with accounting and audit challenges.
Criminals are also using crypto assets to launder dirty money. Cryptocurrency laundering is on the rise. Cryptocurrencies presents a unique challenge for law enforcement officers (investigators, prosecutors etc.) trying to detect the proceeds of crime.
Citibank analysts ranked Kenya among countries with the largest bitcoin holdings (Shs163 billion)
As witnessed recently, after high profile Twitter accounts hacking, the perpetrators requested to be paid using bitcoins. This is one of the ways crypto assets are used by criminals to commit financial crime. Criminals are also using crypto assets to evade taxation.
- Block chain Technology and its impact to accounting profession
- Introduction to crypto assets (Cryptocurrencies and Tokens/Coins)
- Crypto assets Accounting Standard Settings initiatives
- Crypto Assets Taxation Issues-
- Virtual Assets anti-money laundering and counter-terrorist financing obligations
- Illicit schemes involving cryptocurrencies
- AML Risk involving cryptocurrencies
Law Enforcement session:
- Cryptocurrency exploration using block chain analysis tools
- Evidence considerations
- Seizing cryptocurrencies best practices
Who will benefit?
Accounting and finance professionals, Risk and Regulatory Compliance Professionals, Law enforcement, Financial Services Regulators, Lawyers, Revenue Authorities
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully completion of the Webinar.
The Virtual Seminar charges are Kshs. 30,000.
Charges will cater for online video access fees, learning materials, and e-certificates of attendance
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to firstname.lastname@example.org.
We encourage members to regularly visit our website https://www.icpak.com/event-registration/ for updates.