1. Key Takeaways & Strategic Recommendations
1.1 Key Takeaways
1.1.1 The Rise of Money Laundering in the Digital Age
Digital transformation and cryptocurrencies, fintech, and eCommerce have created a multitude of new opportunities for legitimate innovation but also for illicit financing. There is a continuous expansion of digital transactions which will create more channels for illicit flows; digital commerce spending is expected to reach $XX trillion by XXXX. Cryptocurrencies and decentralised transactions such as Bitcoin, Ethereum, and privacy coins are frequently being used to move and obscure illicit funds. Many criminals take advantage of decentralised platforms to allow for funds to be broken up, rerouted, and made nearly untraceable. One common practice in large scale transactions is cross-chain swapping - the act of moving around multiple blockchains to frustrate investigators and evade detection.
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Full Research Suite comprises of:
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