The popularity of Bitcoin and other cryptocurrencies has exploded in recent years and with that increased popularity comes increased concerns. The semi-anonymous nature of cryptocurrency makes it a useful tool for individuals attempting to hide assets. Unscrupulous persons can purchase cryptocurrency for cash, hold and transfer it without the need for a financial institution, and do it all without a paper trail. This makes investigating cryptocurrency difficult and poses new, unique challenges to practitioners.

Now that cryptocurrency has gained significant mainstream attention, accountants should be aware of the possibility of asset diversion through cryptocurrency and should take steps to mitigate that risk. Attendees of this session will learn about cryptocurrency, how it works, and the investigative techniques that can benefit their clients.

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