ACAMS New Jersey Chapter June 2024 Virtual Event: The Black-Market Crypto Exchange
1
ACAMS
积分
Overview
This presentation will discuss a money laundering scheme by which money launders use cryptocurrencies (CRYPTO) to conceal the movement of illicit proceeds through U.S. financial institutions. These CRYPTO brokers facilitate the movement of large amounts of cash for CRYPTO without documenting the origin of funds, therefore enabling internationally based narcotrafficking organizations to avoid reporting requirements, anti-structuring laws associated with the regulated banking industry and aiding the movement of their illicitly obtained proceeds into financial institutions without detection.
Additionally, the presentation will also show how U.S financial institutions, the process of creating/obtaining LLCs (Limited Liability Companies), and crypto exchange platforms get exploited in this money laundering scheme.
Credits
1 ACAMS Credit
Please note that ACAMS credit for this virtual event is available to members of the Chapter only.