Author: Syedur Rahman 28 February 2022
Financier Worldwide asked Syed Rahman to write about cryptocurrency as part of its special report into risk management.
In his article, Syed emphasises the limited progress that has been made in the battle against those looking to use cryptocurrency to make illegal gains. With research indicating that the value of crypto sent to addresses with criminal associations in 2021 totalled US $14 billion, he outlines the scale of the problem and the nature of the risks that such assets can pose.
Syed’s article details the way courts have responded to the issues that have arisen so far regarding cryptocurrency-related crime. He also sets out how authorities on both sides of the Atlantic have recognised and reacted to the risks associated with cryptocurrency.
He explains that it is up to anyone who is involved – or is considering becoming involved – with cryptocurrency to take action themselves to reduce the risks they face. This, he says, needs to be done by taking appropriate advice and, where necessary, using the law to regain any assets that have been lost to crypto-related crime.
He concludes by saying that as the risks associated with cryptocurrency continue to alter, any individuals and organisations wanting to be involved with it must ensure their activities respond to those changes.
To access Syed's article, visit Financier Worldwide. (Subscription required)
Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, civil recovery, cryptocurrency and high-stakes commercial disputes.