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"AML Talks: Cryptocurrency Laundering Risk and Partnership" demystifies bitcoin and crypto during CHESS Speaker Series

Published: 09/29/2022

Expert panelists brought cryptocurrency, anti-money laundering (AML) and bitcoin into clearer focus during the latest event in Gannon University’s College of Humanities, Education and Social Sciences ’22-23 Speaker Series, Making Connections.

Expert panelists brought cryptocurrency, anti-money laundering (AML) and bitcoin into clearer focus during the latest event in Gannon University’s College of Humanities, Education and Social Sciences ’22-23 Speaker Series, Making Connections.

Expert panelists brought cryptocurrency, anti-money laundering (AML) and bitcoin into clearer focus during the latest event in Gannon University’s College of Humanities, Education and Social Sciences ’22-23 Speaker Series, Making Connections

This event brought together professionals across multiple domains to discuss current trends in crypto-laundering and how each organization is tackling those issues.

AML Talks: Cryptocurrency Laundering Risk and Partnership, held in Gannon’s Institute for Health and Cyber Knowledge featured a panel of experts in law enforcement, the banking sector, financial crime association, and the private sector: Rebekah Prather, Lee Sullenger, Anna Stylianou and Jon Elvin, moderated by Dr. Julia Mack (Criminal Justice Program Director) and Dr. Musa Tuzuner (Anti-Money Laundering Program Director).  

Numerous publications and professional discussions claim criminals and terrorists use crypto as a preferred currency in their laundering activities because of its anonymity, usability and lack of government regulations. However, all crypto transactions are being recorded on the ledgers and, as many real-life cases of crypto laundering show, the established links between criminals and these transactions have been on the rise. 

Panelists spoke on the subjects of why criminal actors find cryptocurrency attractive, and how members of the public, private and government sectors must continue to work together to navigate new trends, vulnerabilities, risk management tactics, and regulations - and the gaps within them - in order to demystify this realm of criminal activity. 

Prather, Sullenger, Stylianou and Elvin answered attendees' questions on the impacts of culture on crypto, the importance of defining your organization's risk management responsibilities in the space, the evolution of anti-money laundering, and the future of fraud. 

See more events in this year’s CHESS Speaker Series here

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