The Financial Crime Forum Crypto Crime Americas 2023


Crypto Crime 22 February, 2023

Demystifying Crypto Crime

This Forum is fully remote. 22 February, 2023 - Time 18:00 GMT

TIME ZONE: The Americas, The Caribbean



Event Info.

Disappearing crypto assets, inflated asset values (e.g. NFTs) and even manipulated smart contracts: it's just what you'd expect.

But the technology that facilitates these crimes, that helps to take steps to reduce their incidence and to take action for recovery of losses is far from what most of us have any exposure to.

And then there's the out and fraud, theft and embezzlement. How do they do that, you might ask.

Let's see, shall we?


Purchase before 31 January 2023 for only GBP15 per seat plus UK VAT where applicable.
80% discount - retained for Christmas/New Year/Chinese New Year)
1 February onwards, Individual: GBP85 plus UK VAT where applicable.

Internal workshop pack: five tickets USD375 plus UK VAT where applicable.

*+UK VAT where applicable.


22 February, 2023 18:00GMT

13:00 NY, Toronto, Miami, South Carolina, Cayman Islands, Bahamas
10:00 San Francisco, Chicago, Seattle, Vancouver
19:00 UK/IRL ... 20:00 EU

17:45 Platform opens for login
18:00 Welcome and introduction
18:30 Speaker 1 Is crypto a "market" and can it be regulated as such?
19:30 Sponsor's presentation (Sponsor 1) Crypto investigations
20:00 Speaker 2 KYC on crypto-businesses and traders
21:00 Sponsor's presentation (Sponsor 2) Crypto-asset recoveries
21:30 Speaker 3 Protection against fraudulent crypto activity.
22:30 Wrap up and Thanks.
22:45 Platform closes.


There's not really any such crime as crypto-crime. All the criminal offences that are described as crypto-crime are exactly the same as real world crime. It's theft, embezzlement, fraud, counterfeiting or unauthorised access to a computer system. Crypto is simply the latest form of technology that criminals use to commit old-fashioned crime.

Here, we are talking about crypto-assets as a class. Within that class there are many types, the most obvious of which, because they are always in the news, cryptocurrencies and Non-Fungible Tokens.

We need to counter some myths repeated by many people who don't know what they are talking about.

1. The rapid rise in value of some crypto-currencies is not a Ponzi scheme. It's not even evidence of a Ponzi scheme. It's a bubble. True, that bubble might be generated by manipulative trade or even false data but that doesn't make it a Ponzi scheme.

2, Worldwide regulators are struggling to decide how crypto should be regulated. But switched on regulators which deal with money laundering answered the question a decade ago: if it has value and that value can be transferred, then it's money. The trouble is that "money" for money laundering, etc. purposes means far more than "currency." Central Banks initially took the position that crypto-currency is not currency. That position was untenable because it is clearly being used as both a store of value and as a medium of exchange which is, stripped of all the verbiage that usually surrounds discussions of currency, is the classic definition of currency. So, regulators actually didn't need to make special provision for crypto: they simply needed to ensure that exchanges (however that is defined) were regulated as currency exchanges and that all transactions in crypto-currency are treated, for all purposes, in the same way as transactions in fiat currencies. But they didn't and here we are.

3. Crypto assets are recorded on a blockchain. True. The blockchain is public. True. The blockchain is completely secure. False. In any case, a blockchain is simply a storage mechanism. The active data is in a "distributed ledger" which means that there is a ledger, literally a ledger like you understand the term, and that a copy of it is held on many, many computers worldwide. If a change is made in the ledger than that change is automatically made in all the copies. Here's where it gets messy: the information in that ledger is not money. It's a record of something. That something can be money or it can be medical records or it can be the official record of product reference numbers to combat counterfeiting. But something interesting is happening: around the world big blockchain projects, many started five or more years ago and still not finished, are crumbling. Those who sold great benefits and said they could make blockchain work are finding out that they can't. This calls into question the future of large-scale crypto businesses. We already know that they are, in many cases, not secure. Are we facing a meltdown in the crypto-industry and, if so, what is going to happen to all the crypto assets held on blockchains that will, in some cases, be orphaned?
Will those assets disappear and if they do will there be criminal responsibility and effective asset recovery.

4. And then there's the myth of valuable NFTs. Again, a bubble, not a Ponzi. How many people here fought with their children to stop them spending as much money as they could muster on Pogs? And how many people here were the children searching down the back of the sofa for money to buy them? It defies belief that people waste so much money on things that are clearly fads. I'll look at that in a few minutes after I introduce our speakers and sponsors.





We thank the following sponsors for their support

Who should attend.

Financial Crime Risk and Compliance Officers
Law enforcement
Legislators, policy makers and regulators
C-Suite officers in commerce, trade and industry
Risk managers
Insurance underwriters
Computer scientists
Data analysts
On-line marketing practitioners
Customer engagement specialists


CPD/CPE/Certificate Credits

Attending The Financial Crime Forum lets you earn Portable CPD* credits which, where recognised, may be used for your professional CPD. Note: even when Portable CPD* is not formally accepted, it may be accepted under the general "reading" or "attending lectures" classes that many professional bodies provide.

This event provides five hours credits.
This event provides 40 credits towards the Certificate in Financial Crime Risk and Compliance (cFCRC)

*Portable CPD is a trademark of Vortex Centrum Limited.