Money laundering in a digital world

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1 May 2018

Criminals have long used money laundering schemes to conceal illegal activity. Now, technological advancements are making it even harder to police such schemes.

With the advent of online platforms came fraudulent schemes used to scam people out of their money, hack accounts and defraud internet users. The proliferation of peer-to-peer websites, online banking and cryptocurrencies is now having a huge impact on the ways criminals launder the proceeds of their crimes.