Crime

The SEC and DOJ Go After BitFunder and Its BitFounder

Bitcoin, Briefing, Briefings, Crime, Cryptocurrency, Finance / March 12, 2018 March 15, 2018

Sheppard Mullin – Taking further steps into the world of cryptocurrency, two entities of the federal government recently took legal action against BitFunder, a now-defunct Bitcoin exchange, and its founder, Jon Montroll. The Securities and Exchange Commission filed civil charges against BitFunder and Montroll, and the U.S. Attorney’s Office in Manhattan brought criminal charges of …

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The $600 Billion – And Rising! – Cost of Cybercrime

Briefing, Briefings, Crime, Cybersecurity, Recent / February 24, 2018 February 24, 2018

cyber crime threatens world securities markets

Fox Rothschild – The cost of cybercrime continues to rise, driven by increasingly sophisticated cybercriminals and a growing pool of new and often unsophisticated internet users, according to a new report from internet security firm McAfee and the Center for Strategic and International Studies. “Cybercrime is relentless, undiminished, and unlikely to stop. It is just …

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Legal Risk: Using Artificial Intelligence to Fight Financial Crime

Briefing, Briefings, Crime, Cybersecurity, Recent, Regulatory, Technology, Top in LawFuel / February 13, 2018 August 3, 2020

Allen & Overy – The Head of the Financial Crime Department at the UK Financial Conduct Authority (the FCA), Rob Gruppetta, gave a speech on “Using artificial intelligence to keep criminal funds out of the financial system” in December 2017.1 In it, he explored how artificial intelligence (AI) could potentially be used to prevent financial crime, …

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