Research Symposium Program - Individual Details

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5th annual Undergraduate Research Symposium, April 17, 2025

Adrina Evazi

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BIO

I am a high school student at the Collegiate School at Florida State University, working towards my AA degree. My intended major is accounting and finance. I eventually plan to go to law school and to become a corporate lawyer, however I have been considering other financial career pathways as well, such as financial engineering.

From Wallets to Watchlists

Authors: Adrina Evazi, Madisyn Flammia
Student Major: High School Student: Intended major is Accounting and Finance
Mentor: Madisyn Flammia
Mentor's Department: Research
Mentor's College: The Collegiate School at FSU PC
Co-Presenters:

Abstract

This research investigates the effectiveness of current financial and anti-money laundering (AML) laws in addressing the misuse of cryptocurrencies. With the increasing adoption of digital currencies, concerns about their use in illicit activities have grown. This study examines existing regulatory frameworks in various jurisdictions, assessing their ability to prevent and detect cryptocurrency-related financial crimes. The unique challenges posed by cryptocurrencies, such as anonymity and cross-border transactions, are analyzed to determine the limitations of current AML measures. The research evaluates the impact of regulatory efforts on curbing the misuse of cryptocurrencies, identifying gaps and areas for improvement. Case studies and theories were determined for use based on their recency in publishment and their relevance to current crypto-laundering crimes. Furthermore, real life scenarios such as companies that have been impacted by these anti-money laundering laws regardless of positive or negative effects were used as examples to further convey the ineffectiveness of the AML laws. Ultimately, this study provides insights into the ongoing need for adaptive and robust regulatory strategies to combat financial crimes in the digital currency landscape.

Keywords: Cryptocurrency, Anti-money Laundering laws, financial crimes