‘Cryptocurrencies and Trade-Based Money Laundering’ Workshop in Conjunction with the Institute of Legal Practice and Development (ILPD), Rwanda

East African Community member states including Rwanda have individual regulations regarding money laundering and cryptocurrencies. However, sadly, limited capacity in investigation and prosecution has hindered recovery and tracing of resources lost through financial scams and illicit money transfers.

While Rwanda has made significant strides compared to her peers in the region by enacting a number of laws to counter money-laundering, the financing of terrorism and proliferation of weapons of mass destruction as well as related crimes, a lot more effort needs to go towards enhancing knowledge and awareness on the risks trade based money laundering poses to the country.

To create more awareness on cryptocurrencies, AGA-Africa in collaboration with the Institute of Legal Practice and Development (ILPD) held a two day workshop on Cryptocurrencies and Trade-Based Money Laundering from 23rd – 25th March, 2021 in Nyanza, Rwanda.

The three-day workshop was aimed at deepening the participants’ understanding of cryptocurrencies and trade-based money laundering by enhancing their capacity to identify and investigate trade-based illicit activities and its risks as well as facilitating coordination and exchange of information among stakeholder agencies in the fight against these crimes in Rwanda.

The workshop was officially opened by Markus Green, AGA-Africa Board Member and Dr. Didas M. Kayihura, Rector, ‎Institute of Legal Practice and Development (ILPD).

The workshop sessions were facilitated by Jessica Mila Schutzman, Director, Financial & Cyber Investigations Ulster County District Attorney’s Office, Steven A. Block, Partner, Thompson Hine LLP (Former Federal Prosecutor and Deputy Chief, US Attorney’s Office for the Northern District of Illinois), Rachel Heintz, Assistant Attorney General (AAG), Southern Arizona White Collar and Criminal Enterprise Section, Arizona Attorney General’s Office, Prof. Moin A. Yahya, Professor of Law, University of Alberta, Stephen Kiptinness, Senior Partner, Technology & Intellectual Property, Kombe Kaponda, ICT Networks and Security Solutions Engineer, Dr. Bright Gameli Mawudor, Cyber Security Services, Internet Solutions Kenya and Founder of the Cyber Security collective Africahackon, Eunice M Maingi, Projects Coordinator IT Security, Lead, Blockchain Research, Strathmore University.

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