A hybrid international conference attended by 1,300 participants has concluded that tackling the criminal use of cryptocurrencies is a race against time. Law enforcement agencies that collaborate in joint task teams and proactively collaborate with the private sector are getting ahead of the criminals. In contrast, countries that do not take the risks seriously are in danger of becoming a haven for crypto-enabled scams, money laundering and terrorist financing.
Registration is now open for the 7th Global Conference on Criminal Finances and Cryptocurrencies (#7CrC). The conference will take place on 26–27 October 2023 at the Europol headquarters in The Hague, Netherlands.
The hybrid conference explores trends, strategies and tactics in tackling crimes involving virtual assets. A joint initiative of the Basel Institute on Governance and Europol, the annual event now draws hundreds of experts and interested parties from around the world.
These recommendations follow the 6th Global Conference on Criminal Finances and Cryptocurrencies on 1–2 September 2022. The conference was hosted by Europol at its headquarters in The Hague, the Netherlands, together with the Basel Institute on Governance through the Joint Working Group on Criminal Finances and Cryptocurrencies.
As the use of cryptocurrencies and other virtual assets expands and evolves, so does their misuse to commit crimes and launder money. How can law enforcement best respond?
This short interview with Stefan Jerga of the Australian Federal Police gives some practical insights to other law enforcement agencies seeking to build and streamline their crypto capabilities.
The 6th Global Conference on Criminal Finances and Cryptocurrencies (#6CRC) – a two-day gathering of thousands of crypto specialists and financial investigators from law enforcement, regulators and the private sector – came to an end today at Europol’s headquarters in The Hague, the Netherlands.
As cryptocurrency use expands into practically every country and sector, so does its abuse to commit new forms of crime and launder dirty money, said speakers.
The crypto industry has exploded in recent years, and authorities in different countries have been reacting in very different ways. Some have banned cryptocurrencies, while others are embracing them to varying degrees. Some are working hard to align their anti-money laundering regulations with FATF standards, while others are turning a blind eye. A few countries have confiscated huge quantities of crypto assets linked to crime and money laundering.
Registration is now open for the 5th Global Conference on Criminal Finances and Cryptocurrencies on 7–8 December 2021. The virtual conference explores trends, strategies and tactics in tackling crimes involving virtual assets.
A joint initiative of the Basel Institute on Governance, INTERPOL and Europol, the annual event now draws hundreds of experts and interested parties from around the world.
The Basel AML Index 10th Edition explore four aspects hindering the global fight against money laundering and terrorist financing (ML/TF). The first element crunched Financial Action Task Force (FATF) data on how jurisdictions are responding to money laundering threats related to virtual assets. The answer: not well at all. Excerpt from the full report:
The use of virtual assets such as cryptocurrencies is exploding – for legitimate as well as illicit purposes.
The use of virtual assets such as cryptocurrencies has expanded hugely around the world. Thousands of new users are added each day, and more individuals now use cryptocurrencies than trade on stock exchanges. Yet, as with all emerging technologies, there are risks that cryptocurrencies can be used for illegal activity such as money laundering and terrorist financing.
Released today, the 10th annual edition of the Basel AML Index raises grave questions about whether jurisdictions are serious about tackling their money laundering and terrorist financing (ML/TF) risks, and what is holding them back.
The Basel AML Index is an independent annual ranking that assesses ML/TF threats around the world and the capacity of jurisdictions’ anti-money laundering and counter financing of terrorism (AML/CFT) measures to address their specific risks.