The use of social media, networking sites, and other Internet outlets is providing another method to conduct cybercrimes and money laundering. These latest money-laundering schemes are driven by technology in which deals move faster and in smaller increments. When technology merges with innovations in commerce, entirely new types of risk are created. A growing area of interest for law enforcement agencies and regulators is criminals participating in online virtual worlds and communicating and transferring funds around the globe.
Join Troy LaHuis, Ryan McHale, and Bradley Nelson from Crowe Risk Consulting as they explore and discuss the history and use of social media and networking sites, how virtual worlds are facilitating illicit activity, how criminals are exploring these sites, virtual currency schemes, and possible solutions for managing and mitigating the associated risks.