Criminals around the world are constantly evolving their tactics to stay one step ahead of authorities, as well as the rules and regulations used to crack down on money laundering. In today’s interconnected world, criminals have fled to the deepest, darkest parts of the Internet to conduct business and transfer payments from ill-gotten gains such as drug smuggling, child porn, prostitution, weapons trade and even terrorism.
To elude law enforcement, cybercriminals have started using anonymous payment systems to transfer large amounts of cash undetected. With as little as an email address, even the largest crime syndicate or terrorist organization can open an account with an anonymous payment system operator, in which investigators have limited access and authority to discern what funds are being transferred or what goods are being purchased.
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