This Occasional Paper discusses the ways that cyber-criminals manage the proceeds of their crimes, from employing money mules to using services such as mixers to obfuscate the proceeds' origins. It offers recommendations for policymakers, law enforcement professionals and regulated entities to target and reduce these activities.
Pakistan’s new government came to power 100 days ago vowing to fight corruption and recover looted national wealth. But the UK is integral to Pakistan’s anti-corruption effort, and London would be well-advised to help Pakistan achieve its objectives.
With growing evidence pointing to convergence in criminal activities, and the emergence of fluid criminal networks with transient membership, it is time to consider whether the UK’s approach to tackling organised crime is suitably matched to the threats it faces.
Irregular migration, a concept that encompasses a wide range of activities, including people smuggling and human trafficking, has become big business for organised crime networks. The UN estimates that human trafficking alone is the third most profitable crime, after drug and arms trafficking.
The most recent G20 communiqué repeats the need for high-level commitment to greater information sharing for tackling terrorist financing. But without action to address the real and perceived barriers to effective sharing, little will actually be achieved.