Federal Government Cryptocurrency Intelligence Webinar Series 2021
THANK YOU
Thank you for registering to our Federal Government Cryptocurrency Intelligence Webinar Series.
We will email you calendar invites and login credentials for each webinar shortly.
Part 1:
Blockchain 101—Intro to Cryptocurrency Tracing
Event details:
Date:
July 8, 2021
Time:
1100 EST/0800 PST
Duration:
1 hr
Read more
This webinar provides instruction on blockchain and cryptocurrency tracing. Attendees will learn basic approaches to tracing source of blockchain funds and develop an understanding of how blockchain attribution de-anonymizing cryptocurrency transactions. Learn how to identify the various players in the crypto ecosystem. Gain an understanding for what is possible with cryptocurrency investigations.
Attendees will learn:
- An understanding of blockchain analytics and distributed ledger fundamentals
- The specific understanding of tracing cryptocurrency transactions
- How to efficiently and effectively conduct blockchain investigations
- How to leverage tools and resources to reduce investigation time and improve evidence quality
Part 2:
Ransomware Investigations and Actionable Intelligence
Event details:
Date:
July 13, 2021
Time:
1230 EST/0930 PST
Duration:
1 hr
Read more
Ransomware is now a threat equal to terrorism. Cryptocurrencies have proven to be a lucrative modus operandi for criminal groups and state-actors looking to launder funds and evade sanctions. Cryptocurrency intelligence products, such as CipherTrace Inspector, can remove the financial incentives from ransomware perpetrators without risking brute force attacks. In May 2021, US-based Colonial Pipeline paid 75 BTC ($4.3M USD at the time) after a ransomware attack from DarkSide severely hindered the refinery’s operations. In March 2020, a DOJ Verified complaint illustrated how North Korea launched sophisticated attacks on cryptocurrency exchanges to finance their WMD program by laundering hundreds of millions of dollars’ worth of the stolen cryptocurrency through several banks and cryptocurrency exchanges. An uptick in Iranian and DPRK state-sponsored ransomware also led to OFAC issuing an advisory in October 2020 to alert companies that engage with victims of ransomware attacks of the potential sanctions risks for facilitating ransomware payments.
Learn how investigators were able to utilize blockchain analysis tools to follow the illicit flow of funds and see exactly how bad actors moved stolen crypto to virtual asset service providers and, eventually, banks.
Attendees will learn:
- Examine how blockchain analytics enabled investigators to follow the flow of funds in recent ransomware cases like DarkSide (Colonial Pipeline)
- Explore the role banks play in converting crypto to fiat
- Understand how ransomware is used to evade sanctions
- Look at the risks financial institutions face by processing ransomware payments for customers
- Learn which methods North Korean hackers have used to steal, obfuscate, and launder their crypto
Part 3:
Cryptocurrency Red Flags: How to Spot Crypto Crimes
Event details:
Date:
July 28, 2021
Time:
1230 EST/0930 PST
Duration:
1 hr
Read more
Cryptocurrency-related risks are not limited to virtual asset service providers. In September 2020, FinCEN Director Kenneth Blanco stated, “These risks are not unique to money services businesses or virtual currency exchangers; banks must be thinking about their crypto exposure as well. These are areas your examiners, and FinCEN, will ask you about when assessing the effectiveness of your AML program.”
The reality is that all banks process crypto payments, as virtual assets have become increasingly intertwined with traditional finance over the course of the last decade. A thorough knowledge of cryptocurrency red flags, combined with the ability to identify and monitor all virtual currency transactions within an organization, lays the groundwork to fully embrace this asset class without taking on undo risk.
Attendees will learn:
- How to identify organizational exposure to crypto
- The red flags defined by FinCEN and FATF
- How to mitigate virtual currency risks
Speaker Profile
Pamela Clegg, CAMS
VP of Financial Investigations
Pamela is the VP of Financial Investigations for CipherTrace. Pamela works with governments, law enforcement officials, regulators, law firms and financial institutions around the world to conduct blockchain forensic investigations. Her Education group provides global training in the blockchain, investigation of financial crimes, money laundering and other criminal activity within the cryptocurrency ecosystem. In addition, she is in an internationally recognized expert in the use of cryptocurrency in human trafficking and other financial crimes. Pamela has conducted trainings and spoken on cryptocurrency and financial crimes globally, including presentations to INTERPOL, EUROPOL, and other international and federal organizations.
Prior to joining CipherTrace, Pamela was the Assistant Vice President BSA and Information Security for First State Bank. She also has more than ten years in international investigations, due diligence and operations, working primarily in Latin America for the U.S. Government.
Pamela obtained her Bachelor of Arts degree from the University of Texas at Austin and her MBA from the Universidad Autónoma de Madrid. Pamela is a Certified Anti-Money Laundering Specialist (CAMS).