Overview

While crypto assets (e.g. cryptocurrency and non-fungible tokens) are increasingly attractive to both retail and institutional investors, activities relating to such assets have also attracted fraudulent activity and financial crime. According to The 2022 Crypto Crime Report published by Chainalysis, US$3.2 billion in cryptocurrency was stolen throughout the year 2021. Nonetheless, with the right tools and legal applications, it is possible to track, trace and then recover the stolen crypto assets.

Objective

This seminar will share the common types of crypto asset fraud, how to investigate the fraud, trace the movements of the cryptocurrency and options for recovery of the stolen crypto assets.

Content

1. Common types of crypto asset fraud and how they work
2. Process pre-investigation – questions to ask pre-investigation and related considerations
3. Undertaking the investigation process – where to look, what to look for and examples of red flags inclusive of real-life examples of documents
4. Tracing of crypto asset transactions – how it is possible, the basic process, wallet clustering heuristics, dealing with challenges in the tracing process and limitations of tracing
5. Recovery of stolen assets - processes that may be used in digital asset recovery effort

Who should attend

Asset managers, wealth managers, manager-in-charge, compliance officers, and financial practitioners who are interested in understanding more about crypto asset fraud, investigations and recovery