1 / 11

Drugs, the Internet, Money-Laundering and Shell Companies

Drugs, the Internet, Money-Laundering and Shell Companies. Tom Bergin. Online Drug dealing Internet Payment Systems Shell companies. Drug dealing online. “FBI shuts alleged online drug marketplace, Silk Road” “Silk Road: The eBay of Illegal Drugs”

deboraht
Download Presentation

Drugs, the Internet, Money-Laundering and Shell Companies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Drugs, the Internet, Money-Laundering and Shell Companies Tom Bergin

  2. Online Drug dealing • Internet Payment Systems • Shell companies

  3. Drug dealing online • “FBI shuts alleged online drug marketplace, Silk Road” • “Silk Road: The eBay of Illegal Drugs” • “After Silk Road's demise, online drug dealing moves to new sites” Source: Reuters, WSJ, The Verge

  4. Life cycle of online drug market Early 2011 – Silk Road begins operations March 2011 – Gawker reports on the site. June 2011 – U.S. Senators ask Attorney General to crack down on Silk Road Nov 2011 – Secret Service co-operating with overseas agencies on investigation Oct 2013 – FBI shuts Silk Road

  5. Challenges of online drug dealing • Secrecy • User Confidentiality • Traceability of shipments • Trust

  6. Internet payment systems

  7. Liberty Reserve“'Black Market Bank' Accused of Laundering $6 Billion” – ABC News

  8. Liberty Reserve Bank Mr. B Mr. A MoneyEx. MoneyEx. LRs LRs LRs Account A Account B

  9. B Co. (Caribbean) Ltd. Online Money Exchange (Unregulated) Online Money Exchange (Regulated) Bank (Unregulated)

  10. Technocash concedes 'one got through net' - The Australian

  11. Shell Companies

More Related