When Bankers Need to be More Creative than Hackers: Cybercrime and Money Laundering

Money mules are a staple of the cybercriminal economy and may undertake different activities in different contexts to facilitate money laundering. Cash-strapped students are particularly suseptible to being enticed into quick-money schemes by ‘mule herder

The rise of cyber-dependent crime highlights the challenges facing the anti-money laundering framework in a digital era. This should be viewed as a wake-up call as well as an opportunity to update and improve the antiquated regime.

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keywords

Topics

• Technology, Security and Intelligence
• Policing and Law Enforcement
• Anti-Money Laundering Policy
• Cybercrime and Ransomware

Regions and Country Groups

• Taiwan

Research Groups

• Centre for Finance and Security

Projects

• Financial Crime 2.0

WRITTEN BY

Anton Moiseienko

Associate Fellow; Lecturer in Law, Australian National University

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Olivier Kraft

Associate Fellow; Technical Assistance Adviser with the International Monetary Fund

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