On 29 October 2018, RUSI and the Embassy of Switzerland in the UK jointly hosted a conference on de-risking, the phenomenon of financial institutions ending or restricting relationships with clients (such as non-profit organisations) that are deemed financially risky. Given that de-risking efforts often lead to the displacement of financial risk and the interruption of counterterrorism efforts...
The US government’s move against two alleged cyber-criminals serves as a warning sign to the cryptocurrency community. The community may choose to respond by cloaking itself in an even heavier mantle of anonymity, or it may just understand that it stands to gain from policing its activities.
Two key problems must be addressed as law enforcement and financial institutions seek to tackle financial crime together: the danger of creating an exclusive system; and the risk that the daunting challenge some countries perceive in just starting this process would inhibit any progress.
Upon his retirement, one of Britain’s former senior policemen reflects on the progress made in identifying and seizing the proceeds of crime, and offers suggestions for further improvement in this battle of wills, organisation and technology.