Virtual currencies and the implications for U.S. anti-money laundering regulations

详细信息   

• 作者：Pamplin ; Berkley A. ; M.S.
• 学历：M.S.
• 年：2014
• 关键词：Anti-money laundering ; Bitcoin ; Crypto-currency ; Econ
• 导师：Philo,Raymond,Graham,Jared
• 毕业院校：Utica College
• Department：Economic Crime Management
• 专业：Criminology,Banking
• ISBN：9781321176704
• CBH：1564625
• Country：USA
• 语种：English
• FileSize：2705367
• Pages：56

文摘

There is a general understanding in the financial and regulatory environment that virtual currencies pose a challenge for monitoring and combating money laundering. However,there is uncertainty of the exact threats that virtual currencies poses to the U.S. anti-money laundering regulations. The purpose of this study is to examine the evolution of virtual currencies,clarify the threats that virtual currencies pose to U.S. anti-money laundering regulations,and determine if it is possible for the U.S. Government to regulate and monitor the use of virtual currencies to deter economic crime. The methods of research for this study include a literature review of scholarly articles,case studies,statistical analysis,and Internet research from reputable sources. The results of this study will show that the primary reasons virtual currencies pose a threat to U.S. anti-money laundering regulations is due to the anonymity and decentralization of its structure. Any recent attempts at regulating these transactions have been met by the development of third party software that aids criminal organizations in circumventing new regulations. Unless there is a unified effort from world governments to understand how the currencies operate,understand the threats that they create,and to implement new and unique regulations specific to virtual currencies,then virtual currencies will remain the preferred decentralized payment method of most criminal organizations. Keywords: Economic Crime Management,Capstone Project,Professor Raymond Philo,Crypto-currency,Bitcoin.