Sunday, 2 June 2013

The Liberty Reserve take-down

Some background material on the take-down of Liberty Reserve, the money transfer scheme behind Eurextrade and a host of other scams, schemes and straightforward money-laundering.

The BBC break the news. They follow that up with a hilariously headlined report that the "arrests are causing 'pain' to criminals" (Good).

Some more details from Economic Crime Intelligence can be seen here.

Kasey Chang goes into GREAT detail here, asking "Why Was Liberty Reserve Shut Down: How Anonymous Money Transfer Systems Are Exploited By Terrorists and Criminals".

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