Contactless, Crypto, and Cash: Laundering Illicit Profits in the Age of COVID-19

This paper explores whether COVID-19 may have affected the traditional means illicit groups have used to launder their ill-gotten profits processes through three main channels: increased reliance on cryptocurrencies to move and launder funds tied to illicit activity; the expanded use of the internet through e-commerce sites to continue and expand trade mispricing practices to move illicit funds; and the use of FinTech and peer-to-peer payment services to transfer illicit funds.

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  • Research paper
  • 17 Dec 2021
  • 1 min read

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