Detecting and Seizing the Proceeds of Cybercrime

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This is the first in a series of three joint RUSI/Standard Chartered webinars. The following webinars in this series will cover ‘New Methods of Payment and Financial Crime’ and ‘A New Model for Tackling Cyber-Enabled Fraud’.


Cybercrime is a major category of profit-driven criminality. With financial gain being the motivation behind most of cybercrime, disrupting cybercrime-related financial flows is a key vector of disrupting cybercriminal networks, especially since perpetrators are often beyond the reach of developed countries’ law enforcement agencies. At the same time, identifying and seizing the proceeds of cybercrime is far from straightforward. Money-laundering methods used by cybercriminals are varied and effective, ranging from tried-and-tested techniques such as money-muling to novel approaches such as setting up seemingly legitimate online businesses and exploiting new payment means.

This webinar brings together experts from across public and private sectors to explore key challenges and opportunities in tackling the proceeds of cybercrime, as well as the contribution that banks and FinTechs can make to doing so. Topics covered included an overview of money-laundering methods favoured by cybercriminals; state of play in dismantling money-mule networks; and novel money-laundering vulnerabilities that offer opportunities for cybercriminal groups.

Speakers

  • Rebecca Marriott, VP Risk & Compliance | MLRO, Tide
  • Anton Moiseienko, Research Fellow, Centre for Financial Crime & Security Studies, RUSI
  • Paul Taylor, Regional Cyber Crime Coordinator, North West Regional Organised Crime Unit
  • Stanley Wu, Head of Financial Crime Compliance Hong Kong, Standard Chartered

 

The session was chaired by Tom Keatinge, Director, Centre for Financial Crime & Security Studies, RUSI.

Event partner

  • Standard Chartered

    The webinar is organised jointly by RUSI and Standard Chartered

Watch the recording



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