COVID-19 CHAOS CREATES OPPORTUNITIES FOR MONEY LAUNDERERS AND THEIR CRIMINAL ASSOCIATES
December 2nd, 2020
The Covid-19 pandemic has changed consumer behaviour as well as revenue streams for criminals, encouraging them to abandon certain laundering techniques in favour of others. Criminals have generated more money through cybercrime by attacking unwary computer users unused to using personal computers at home. They have also exploited an increase in e-commerce and e-banking generated by the pandemic. The disruption has also impeded financial institutions, anti-money laundering (AML) units, and law enforcement in tackling financial crime.
“Covid-19 may show we’ve ...
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