As money laundering (ML) methods evolve to make use of new technologies, this workshop aimed to explore the potential impact of virtual currencies (VCs) on the future of money laundering techniques.
Bringing together representatives from government, law enforcement, private sector and academia, the event identified: The risks of VCs in the context of money laundering activities and organised crime; Exisiting initiatives and potential responses to VCs as money laundering tools; Areas of engagement from both a practitioner and academic perspective.
The workshop was split into two sessions: a panel discussion and an interactive ‘sandpit exercise’.
In the first session, panellists highlighted the risks that VCs pose to individuals, businesses and national security.
The second session focused on four overarching themes: money laundering typologies, law enforcement response, regulatory frameworks, and international implications. The Strategic Hub for Organised Crime Research has produced a summary of the event for those who were unable to attend, which can be found here.
Available presentation slides from the event can be found here.
The SHOC team continues to organise events such as these as part of its 2017 workshop series.
Further details on all upcoming events will be posted on the website.
Please do not hesitate to get in touch with any suggestions for potential topics for future SHOC events.