Open AccessMoney Laundering and Virtual Financial Resources
Author(s) -
Momčilo Sekulić,
Ana Matović,
Djorde Milošević
Publication year - 2021
Language(s) - English
Resource type - Conference proceedings
DOI - 10.18690/978-961-286-442-2.65
Subject(s) - money laundering , the internet , phenomenon , business , order (exchange) , financial transaction , profit (economics) , internet privacy , computer security , commerce , finance , computer science , database transaction , economics , world wide web , physics , quantum mechanics , microeconomics , programming language
Money laundering is a complex phenomenon that represents the direct impact of organized criminal groups on legal financial flows. As a particularly dangerous dimension of illegal activities, the author emphasizes the possibility of masking them through the investment of illegally acquired funds in legal public or private affairs. The author analyzes the structure of this illegal activity, showing its adaptation to modern communication conditions, which is why he notices the importance of evolving this illegal phenomenon in the online environment. The predominant part of this paper is dedicated to the introduction of numerous ways of placing criminal profit in the regular monetary market through the information and communication benefits of the Internet. In his research, the author does not stay within the framework of the visible part of the web. His special attention is focused on the high-tech circumstances and communication capacities of the dark web, in order to emphasize the inexhaustible possibilities of hiding, "laundering" and further placing "laundered" money that originates from criminal activities.