Space Money Laundering Webinar to Examine Why the Space Economy is Ideal for Financial Crimes

Space Money Laundering Webinar to Examine Why the Space Economy is Ideal for Financial Crimes

VoM News Desk | December 17, 2024 | 03:11 PM IST | Breaking News | Follow on Google News

Space Money Laundering Webinar to Examine Why the Space Economy is Ideal for Financial Crimes

January 29 online presentation to delve into money laundering scenarios featuring space commerce and ramifications for anti-money laundering processes

The Center for the Study of Space Crime, Piracy, and Governance (CSCPG), an independent, nonpartisan think tank, today announced that it will be presenting a webinar Space: The Next Frontier for Money Laundering? on January 29, 2025. The online presentation will delve into money laundering scenarios featuring space commerce and examine potential impacts on anti-money laundering (AML) processes.

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“The Space economy, which is on track to pass the trillion-dollar mark by the end of the decade, is an ideal environment for money laundering,” said Marc Feldman, Executive Director of CSCPG and co-author of the upcoming book Space Piracy: Preparing for a Criminal Crisis in Orbit. “The space industry is inherently international, with opaque corporate entities pursuing high-dollar cross-border deals that are governed by few enforceable laws. It’s a money launderer’s dream come true.”

The webinar will discuss how the risk of space money laundering will affect financial institutions, space corporations, government agencies, and law enforcement. It will explore the following topics:

– Why space is such a potentially appealing venue for money laundering

– Space money laundering scenarios

– The prospective players in space money laundering

– The deficiency of current space law and law enforcement in combatting space money laundering

– Potential solutions to the space money laundering problem

Space Money Laundering Webinar Details:

When: Wednesday, January 29, 2025 | 11AM ET

Where: Zoom 

Register:  Link

About The Center for the Study of Space Crime, Piracy, and Governance

The Center for the Study of Space Crime, Piracy, and Governance (CSCPG) is an independent, nonpartisan think tank whose purpose is to serve as a policy resource for government officials and business executives on issues related to space governance, sovereignty, commerce, law, crime, and piracy.

The book Space Piracy: Preparing for a Criminal Crisis in Orbit, written by Feldman and Hugh Taylor, is scheduled for publication by John Wiley & Sons in February, 2025.

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