S&D E23: What You Don’t Know About Crypto Crime

In this conversation, Aidan Larkin sits down with Alison Jimenez, President of Dynamic Securities Analytics and AML expert witness, to unpack the realities of crypto crime, its challenges for asset recovery, and the risks surrounding strategic Bitcoin reserves.

They explore how digital assets are used for illicit purposes, why a common industry definition matters, the critical role of the asset recovery ecosystem, and how geopolitical tensions can expose vulnerabilities in decentralized systems.

Timestamps

00:00 – Introduction and Background

00:30 – Defining Crypto Crime

00:59 – Asset Recovery Ecosystem

01:12 – Strategic Reserves and Security Risks

18:26 – Crypto's Role in Illicit Activities

28:58 – Analysing Crypto Crime Metrics

About our Guest

Alison Jimenez is the President of Dynamic Securities Analytics and an AML expert witness. As a former securities regulator and economist, she advises on financial crime cases, including fraud, corruption, and cryptocurrency scams. Alison has helped define crypto crime, exploring how digital assets enable illicit activity and highlighting the national security risks of Bitcoin strategic reserves.

Key Takeaways

Defining Crypto Crime: Establishing a common industry definition for crypto crime is essential for effectively addressing and understanding the misuse of cryptocurrency in illegal activities.

Asset Recovery Ecosystem: Asset recovery is crucial for reducing the financial incentives for crime, emphasizing its role in combating illicit finance.

Cross-Border Illicit Activities: Cryptocurrency facilitates cross-border illicit activities, posing challenges for law enforcement and necessitating international cooperation to address these issues effectively.

Decentralisation Challenges: Centralised chip production undermines crypto’s decentralisation, highlighting vulnerabilities in strategic reserves and the need for robust security measures.

National Security Risks: Strategic Bitcoin reserves pose national security risks due to geopolitical tensions, which can impact the security and stability of these reserves.

Resources Mentioned

Alison’s Securities Analytics blog

Alison's op-ed on Strategic Bitcoin Reserves and National Security

Amazon | There's No Such Thing as Crypto Crime by Nick Furneaux  

Nick Furneaux on Seize & Desist

Miles Johnson on Seize & Desist

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