Law Commons^™

Developing Issue Of Money Laundering Though Online Casinos, Matthew Thom

Economic Crime Forensics Capstones

This capstone examines the developing issue of money laundering through online gambling sites which are extensions of casinos located within the United States. The online gambling scene is rapidly growing; and these venue will soon become targets for money laundering by criminals, human traffickers, and even terrorists. "Internet gambling and online capabilities have become a haven for money laundering activities...internet gambling operations are vulnerable to be used, not only for money laundering, but also criminal activities ranging from terrorist financing to tax evasion” (Fbi Confirms Online Gambling Opens Door To Fraud, Money Laundering; Age Verification Software Ineffective. (2009, Dec 04) …

Malicious Digital Penetration Of United States Weaponized Military Unmanned Aerial Vehicle Systems: A National Security Perspective Concerning The Complexity Of Military Uavs And Hacking, Edwin Bell

Mathematics and Computer Science Capstones

The United States’ (US) military unmanned aerial vehicle (UAV) has seen increased usage under the post 9/11 military engagements in the Middle East, Afghanistan, and within American borders. However, the very digital networks controlling these aircrafts are now enduring malicious intrusions (hacking) by America’s enemies. .

The digital intrusions serve as a presage over the very digital networks the US relies upon to safeguard its national security and interests and domestic territory. The complexity surrounding the hacking of US military UAVs appears to be increasing, given the advancements in digital networks and the seemingly inauspicious nature of artificial intelligence and …

Are Canadian Cyber Security Related Laws Sufficient To Deal With The Reality Of Today’S Threats, Peter Hanycz

Mathematics and Computer Science Capstones

Cyber security is one of the growing concerns across the 21^st Century world. For the private sector, proper cyber security allows organizations to protect themselves against the increasing threat of cyber-attacks. These businesses play a critical role by implementing robust security infrastructures that ensure, to the extent possible, the protection of personal and corporate data. At the same time, governments have a major role to play in influencing the decisions that organizations make, especially as it relates to customer data. The current privacy and cybersecurity landscape in Canada has developed over time as a way to hold organizations accountable …

Understanding The Value Of Mitigating Fraud Risk For Small Businesses With Cash Management, Vivian Denkins

Mathematics and Computer Science Capstones

Most companies are interested in increasing their revenue, growing their customer base, and maintaining their business for as long as the market will allow. While some businesses are looking to last beyond the average life cycle of 10 years (U.S. Small Business Office of Advocacy, 2018), most do not consider fraud as a major impact that could end their business. Fraud does exist, even for the small business owners. However, most owners decide to take their chances against fraudulent schemes and carefully guard their business using their own measures. According to the Association for Financial Professionals (AFP) (2019), the 2018 …

Nation State Involvement In Cryptocurrency And The Impact To Economic Sanctions, Thomas Clautice

Economic Crime Forensics Capstones

With all the terms and evolving definitions of distributed ledger technology, blockchain, cryptocurrency, and digital currency, it is no wonder they have caused disruption and confusion to the current state of economic sanctions. Sanctioned individuals and countries may actively seek to evade the regulatory oversight of transactions that are completed in the United States dollar using cryptocurrency. The United States and the United Nations have used economic sanctions as a tool of encouragement, and punishment, for decades in the traditional banking and financial services space. Cryptocurrency has not easily fallen under this regulatory environment due to its decentralized nature, and …

“Going Dark” – The Challenge Facing Law Enforcement In The 21st Century, James Christie

Economic Crime Forensics Capstones

The role of law enforcement on all levels is to prevent, detect, and investigate criminal activity. A fundamental function of law enforcement is to collect intelligence and evidence to combat criminal and terrorist activity. In numerous instances, intelligence and evidence of criminal activity appear in the form of communications and electronic data. To be effective, law enforcement requires the ability to intercept and access these communications and the electronic data pursuant to legal authority.

Money Laundering Through Cryptocurrencies, George Forgang

Economic Crime Forensics Capstones

Bitcoin, the world’s first cryptocurrency, was first introduced in 2009, by Satoshi Nakamoto. While many believe the name is a pseudonym, and the true identity of the creator(s) is unknown, it is an undisputed fact that cryptocurrencies have introduced an indelible change to monies worldwide. Consequently, cryptocurrencies have also introduced a plethora of new opportunities for money laundering activity.

While cryptocurrencies follow the same three-step laundering process of placement, layering, and integration, the activity can be more difficult to detect due to the anonymous nature of cryptocurrencies. Moreover, while traditional schemes such as smurfing or gambling at a casino are …

Supplemental Nutrition Assistance Program (Snap): Uncovering The Fraud, Ada Torres

Economic Crime Forensics Capstones

The Supplemental Nutrition Assistance Program (SNAP), once labeled the Food Stamp Program, was constructed mainly to boost low-income households’ capabilities in regards to purchasing food in order to maintain a satisfactory nutritional, low-cost diet. The program accomplishes this by providing benefits as a supplemental income to recipients in order to allow them to purchase certain foods. The federal government supplies the funds for the benefits and transfers the obligation to the states as far as administrating the program. Specifically, the Food and Nutrition Service (FNS) is liable for defining the program regulations and confirming that the states are complying with …