How should
we react to Snowden’s revelations about NSA surveillance? There were
immediate demands for explanation, accountability, and privacy
protection, but so far we have seen little reasoned discussion of the
risks and benefits of modern surveillance techniques. The conference
“Money, Privacy, and Power” changes that on September 10, 2013 at the
Chicago-Kent College of Law. The conference focuses on money laundering
and financial crime. This is a critical nexus at which concerns about
terrorism, organized crime, and domestic crime combine in ways that call
for international cooperation. Approximately thirty European regulators,
policy makers, financial experts, and surveillance experts will attend.
The aim is to point the way to facilitate international cooperation in
ways that balance effective crime prevention with effective privacy
protection.
A key participant and sponsor is the European Commission funded project,
HEMOLIA (Hybrid Enhanced Anti-Money Laundering Intelligence,
Investigation, Incrimination and Alerts). HEMOLIA “is a new generation
Anti-Money Laundering . . . investigation system which in addition to
the traditional financial data makes extensive use of modern society’s
huge telecom data source, thereby opening up a new dimension of
capabilities to all Money Laundering fighters . . . and Financial
Institutes.” (http://www.hemolia.eu). In a post-Snowden era, “extensive
use” of telecommunications data raises acute privacy concerns. The
HEMOLIA system incorporates privacy protective technology, and the
description of that technology will initiate the discussion of privacy.
US and European experts will discuss the pros and cons of such
surveillance efforts. The concluding multi-national panel focuses
exclusively on the privacy concerns to find ways promote international
cooperation for effective crime prevention and effective privacy
protection.
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