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http://dx.doi.org/10.15683/kosdi.2021.9.30.600

A Study on the Tooling of Money Laundering Using Cryptocurrency  

Song, Hye Jin (Department of Police Administration, Semyung University)
Publication Information
Journal of the Society of Disaster Information / v.17, no.3, 2021 , pp. 600-607 More about this Journal
Abstract
Purpose: The purpose of this study is to examine the path of money laundering of criminal proceeds through cryptocurrency using criminal script analysis and to devise measures to prevent and prevent criminal justice agencies from doing so. Method: Based on the results of a prior study on the profit path of cryptocurrency through money laundering and criminal cases in Korea, the path of money laundering was analyzed using criminal script techniques. Result: Most of the cryptocurrencies that have been launched are converted into criminal proceeds, which are re-launched and cashed or have a vicious cycle of being used as criminal funds are used. According to the script, the route of money laundering is mainly converted to criminal proceeds from cryptocurrency exchanges using anonymity, which is repeated several times, making it very difficult to find the money using cryptocurrency in criminal justice institutions. Conclusion: As the method of money laundering using cryptocurrency is becoming more sophisticated, legal sanctions and preventive institutionalization should be prepared for the prohibition or confiscation of cryptocurrency transactions for money laundering after understanding the flow.
Keywords
Cryptocurrency; Criminal proceeds; Money laundering; Defi; Blockchain;
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