Home AML AML Basics Cyber laundering: What are some key challenges in detection and regulation?

Cyber laundering: What are some key challenges in detection and regulation?

19
July 22 2019

Whilst technological advancements such as the internet and social media have enhanced our lives in many ways, they have also created an environment in which cybercriminals can thrive.

Not only does the internet allow these offenders to conduct cybercrimes such as financial fraud, but it also allows them to launder the proceeds of crime, continuing and expanding their operations.

The anonymity and convenience of the internet and other Information and communications technologies (ICT) allow cybercriminals to target victims globally, raising cross-jurisdictional considerations and complicating investigations.