Cyber-laundering: An Emerging Challenge for Law Enforcement

• Published in: Journal of victimology and victim justice (Print) 2022-04, Vol.5 (1), p.80-99
• Main Authors: Handa, Rakesh Kumar, Ansari, Rizwan
• Format: Article
• Language: English
• ISSN: 2516-6069; 2516-6077
• DOI: 10.1177/25166069221115901

Money laundering is an intense danger, which the world is confronting and present-day technologies are making it harder for law implementation to get the launderers. The emerging concept of cyber-laundering involving the use of the Internet is a flawless apparatus for launderers, which is amazingly quick, and a worldwide tool. Because of its decentralized design, the web has progressively turned into the component of choice of launderers to channel assets starting with one area and then onto the next without leaving signs. The washing of assets over the web, smartphones and mobile phones is made especially simple by the peer-to-peer exchanges, that is, money is straightforwardly moved starting with one individual and then onto the next across the world, lacking the contact of third party, like a monetary institution, in this way keeping away from monetary oversight and expected location. The maltreatment of the Internet by money launderers is conceivably highly dangerous. The principal objective of this article is to respond to the inquiry, for instance, how the Internet could be mishandled by launderers? In addition, the authors, in this article, have analysed national and international undertakings to fight money laundering as well as cyber-laundering and have attempted to shed light on understanding the answers on how to control it.