The professorship was able to attract a renowned expert from the United Kingdom: Simon Lord is the founder and director of “protect AML Services”, UK, and Senior Advisor at “Financial Transparency Advisors”, Vienna. He was a Financial Investigator and Strategic Intelligence Analyst at the National Crime Agency (NCA), UK, for many years and therefore has extensive experience as a financial investigator.
In this intensive course, Simon Lord explained how the understanding of money laundering and the approaches to combating it have evolved over time. The transition from relatively simple techniques such as cash smuggling to modern methods such as the use of cryptocurrencies was analyzed. Simon Lord showed in detail the techniques and functions of so-called “Informal Value Transfer Services” and “Trade Based Money Laundering”.
He also outlined how international standards, legislation and law enforcement practices have adapted to these threats, including an overview of UN conventions, FATF recommendations and the growth of public-private partnerships. Finally, the speaker shared a case study and his personal experience in the field of EncroChat investigations with the participants.