Money laundering refers not only to the “hiding” of the proceeds or financial assets obtained from organized crime activities, but also to money that is purposely filtered to offshore financial institutions to avoid taxation or other legitimate fees. The ease of electronic banking, coupled with online financial transactions and currency exchanges, means it is becoming increasingly difficult to “Know Your Customer” and trace assets and transactions to their source of origin.
The Government of Canada, Department of Finance, estimates the amount of money laundered within Canada annually to be in the billions of dollars, while the United Nations Office on Drugs and Crime recently published that global money laundering accounts for approximately 2-5% of the global GDP, or $800 billion to $2 trillion US dollars per year.
With the growth of a number of digital currencies utilizing peer-to-peer technologies, such as Bitcoin, it has become even easier to surreptitiously transfer digital funds globally in seconds, with little trace of the identity of any party involved in the transactions.
Our comprehensive training programs provide financial and business professionals at all levels with the latest tools and techniques required to conduct effective and efficient online open source research and financial investigation. This unique skill-set will enable investigators to gather often circumspect information about the online activities, reputation and business profiles of individuals and corporations globally, and to evaluate sources and data based on specific online indicators.