Is the Liberty Reserve Money Laundering Case the New Face of Cyber Crime?
The Rising Implications of Crypto-Currency in Crime and Commerce. The cyber criminal enterprise is increasingly creative and complex. Using unregulated electronic currency, Liberty Reserve is said to have engaged in a massive global money laundering conspiracy, encouraging human trafficking, child pornography, narcotics trafficking, blackmail and extortion. This panel will examine the precedent setting case from a legal, risk impact and insurance perspective.