Dark Side of Blockchain: Compliance, Crime and Fraud

Boardroom, Morgan Stanley, International Commerce Centre, 1 Austin Road West, Kowloon
Start Date:
January 15, 2018 6:00 PM
End Date:
January 15, 2018 7:00 PM

RSVP: [email protected]

Dark Side of Blockchain: Compliance, Crime and Fraud

In the space of a few short months, blockchain technologies and crypto-currencies have seen a shift from relative obscurity into mainstream investments. Driven largely by the meteoric rise in the price of Bitcoin, investing in these new technologies is now seen as a fertile ground for financial accumulation. As a result, established financial institutions are increasingly looking to provide blockchain based investment options to clients, but with this comes a high risk of exposure to criminal activities.

This presentation will explain fundamentals of blockchain and crypto-currency technologies, how investments are currently conducted by the majority of consumers and where the risks lie in terms of fraud and crime. The presentation will further explain the complexities in establishing source of wealth, and the loopholes allowing money laundering, tax evasion and other activities where users profit from the proceeds of crime.

Paul Jackson, Asia-Pacific Leader for Kroll’s Cyber Security and Investigations Practice

Over a career spanning more than 25 years of service in some of the region’s highest levels of law enforcement and corporate enterprise, Paul has earned a stellar record of achievement as a cyber security practitioner, strategist, and thought leader. Paul was the APAC Head of Fraud and High Tech Investigations for JP Morgan Chase Bank. From 2012-2014, he relocated to New York where he served as the bank’s Global Head of High-Tech/Cyber Investigations. In this role, Paul managed a global team of cyber investigators and responders throughout the United States, Europe, and Asia, focused on addressing the pressing needs of managing the evolving threats faced by a global financial institution. Executing on these objectives involved, among other efforts, redesigning global cyber laboratories and introducing new forensic technologies to enhance the efficiency and capacity of the team. In addition to serving as a strategy leader, Paul personally conducted numerous investigations, successfully resolving several major incidents that included, among others, a well-publicized breach, data exposure, reputational issues, employee misconduct, insider threat, and electronic fraud.