Focus on Alternative Currencies Case Study: Western Express: An Exposé of Digital Crimes

  • When: Previously recorded on: November 12, 2014
  • Time: 12:00 PM – 2:00 PM ET
  • Level: All

Manhattan-based Western Express was successfully prosecuted in 2013 by the New York County (Manhattan) District Attorney’s Office and the US Secret Service for illegal money transmitting and money laundering. Since that time, Secret Service investigations have revealed that the use of digital currencies is increasingly the preferred method for criminals to quickly and anonymously move illicit proceeds from one country to another.

Join this insightful exposé and learn the details behind a pioneering criminal prosecution of a digital currency exchanger that facilitated cybercrime, money laundering, anonymous transfers of funds and the trafficking of stolen data. This case study offers fascinating insight into the creative methods that are used by international cybercriminals and showcases identifiable patterns to help protect your institution. Be a part of this discussion and learn how to protect your organization from illicit use of virtual currencies, digital payments, and other digital tools.

Learning Objectives

  • Identifying sophisticated criminal techniques that are being used to abuse financial institutions
  • Understanding why digital currency is the preferred tool of transnational criminal organizations
  • Updating your AML software to identify cutting-edge digital crime trends and typologies

Who Should Attend

  • AML Compliance Officers
  • AML Training Officers
  • Consultants
  • Financial Intelligence Unit Personnel
  • General and Corporate Counsel
  • Government Regulators
  • Investment Advisors
  • Law Enforcement Agents
  • Risk Management Specialists
  • Transaction Monitoring Specialists


  • Banks and Credit Unions
  • Credit, Debit and Pre-paid Card Companies
  • Gaming Organizations
  • Government and Regulatory Agencies
  • Law Enforcement Agencies
  • Money Service Businesses
  • Securities and Investment Firms


ACAMS Members Non-Members
$195 $295
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Brian Stoeckert
  • Brian Stoeckert, CAMS

  • Chief Strategy Officer
  • CoinComply


John Bandler
  • John Bandler, CAMS

  • Assistant District Attorney
  • New York County District Attorney’s Office

Dennis Lormel
  • Dennis Lormel, CAMS

  • President and CEO
  • DML Associates