Cybercriminals Prefer ‘Old School’ Money Laundering Methods

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Anti-Money Laundering (AML)
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Cryptocurrency Fraud
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Cybercrime

But SWIFT Report Says Use of Cryptocurrency for Laundering Could Grow

Akshaya Asokan (asokan_akshaya) •
September 9, 2020    

Cybercriminals Prefer'Old School' Money Laundering Methods
Money laundering is a complex operation requiring the stolen funds be introduced to a bank, moved through different accounts and finally re-introduced into the economy. (Source: SWIFT)

Cybercriminals still prefer to use “money mules” and drug trafficking to launder money tied to their…

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