22ND Parliamentary Intelligence-Security Forum – Illicit Finance, Illicit Trade And Money Laundering

During his remarks, Mr. Larson focused on transnational organized crime, and mentioned that a key part of almost all those cases is money laundering or illicit finance.

He then pointed out that organized criminal groups are doing a broad number of things, and the diversity of these methods and revenue streams link individual talk networks into functional supply chains, which move contraband and money using multiple organizations and magnify the potential impact of any single talk network, with its global reach and variety of crimes targeting the United States, talk is an intelligence and investigative priority of the FBI.

Mr. mentioned that the technological change is reshaping the way criminals operate, and that is a big understatement. The ongoing evolution in communications has created new cross-border market opportunities and exposed a wider range of society to transnational criminal activity and fostered the growth of crime as a service. Though many illicit activities will continue to involve physical commodities like people drugs and guns many criminal criminals no longer require physical contact with victim’s customers or their associated networks, he added, and mentioned that it’s critical for the FBI and our law enforcement partners to exploit new opportunities for infiltrating and targeting talk networks and stay abreast of the technological developments and analyze how criminals exploit new technology.