Description

In recent years, financial payments have experienced an unprecedented wave of technological innovations with the development of new electronic payment methods. Cryptocurrencies and other virtual assets have the potential to make it easier for criminals to hide the source of their proceeds and move their funds across borders without detection.

This course covers how to detect, investigate and counter criminal use of crypto assets to launder the proceeds of crime, and how to trace and recover crypto assets. 

Participants work in groups to investigate a simulated corruption and money laundering case in which the cryptocurrency Bitcoin is used as a payment method.

The case involves the Chief of Procurement at the Ministry of Public Health who uses Bitcoin as a means to launder the proceeds of corruption. Participants unravel an intricate scheme, follow the money trail across various jurisdictions. They analyse the Bitcoin blockchain with a view to securing evidence and tracing forfeitable virtual and physical assets.

Lectures help participants to transfer their fundamental financial investigations skills to the world of crypto assets.

Participants learn to:

• Understand the technology behind crypto assets and the legislation in place to regulate their use.
• Recognise how criminals may use crypto assets to launder the proceeds of crime.
• Trace Bitcoin transactions with the use of publicly available online tools.
• Manage challenges associated with the seizure and confiscation of crypto assets.

Interested in this training course for your government agency?

Learn more about the training programmes of our International Centre for Asset Recovery (ICAR) and our uniquely effective approach.

For more information, contact training@baselgovernance.org.