Masterclass on Money Laundering & Crypto Assets

If you would like to learn about Anti-money Laundering laws, especially in the context of Crypto transactions, then this 2-hour masterclass is for you.

Did you know?

1. Money laundering is one of the most prevalent crimes in the crypto market.

2. Cybercriminals laundered $8.6 billion worth of cryptocurrency in 2021.

3. Darknet market sales or ransomware attack profits are almost always derived in cryptocurrency rather than fiat.

4. Many of India's top centralized crypto exchanges are being investigated for violating anti-money laundering laws.

5. The US Treasury Department recently blacklisted the smart contract address of the Tornado Cash (TORN) crypto mixing service.

6. A TORN software developer has been arrested for facilitating money laundering via the Tornado Cash app.

7. The Chinese police recently busted a criminal group that used crypto to launder 40 billion yuan.

If you would like to learn about Anti-money Laundering laws, especially in the context of Crypto transactions, then this 2-hour masterclass is for you.

Date and Time

• 12 November

• 11am to 1pm IST

Fees

This Masterclass is free for students & alumni of Asian School of Cyber Laws. To register, log in to your ASCL ONE account at https://www.asianlaws.org/one/

If you do not have an ASCL ONE account, you can request for it here: https://www.asianlaws.org/request_ascl_one_account.php

For others, the fee is INR 2,950 / US$ 50. Register here: https://www.asianlaws.org/money-laundering-crypto-masterclass.php

WhatsApp Group

You can join the WhatsApp group here:

https://chat.whatsapp.com/CJowfyx50uhF6WfyF3y2Nu

Topics to be covered

1. How money laundering works in the crypto world - placement, layering, integration, tumblers, exchanges, p2p transactions, and gaming sites.

2. Overview of Money Laundering Laws & guidelines.

3. How cryptocurrencies, privacy coins, DeFi transactions, and NFTs are used for money laundering.

4. How the TORN case could lead to legal troubles for more 'base layer' crypto participants such as validators, builders, pool operators, relays, searchers, and sequencers.

5. How the TORN case could make it mandatory for US-based miners & validators to censor transactions involving blacklisted addresses.

Assessment

An online quiz will be conducted at the end of the Masterclass. Score at least 70% to pass and get a certificate.