Crimes against businesses are increasingly difficult to pin down as criminals exploit new channels for exploitation across international boundaries.
The potential to launder money through organisations has been increased by the emergence of cryptocurrencies.
There have been several high-profile bitcoin heists and an increase in initial coin offerings raises the possibility of individuals using ICOs to defraud investors.
Jeffrey Davidson commented:
“We have started to see global news stories of money-laundering using cryptocurrency. Russian national Alexander Vinnik was arrested in Greece and charged this summer by a US grand jury over the alleged money laundering of $4bn over several years, using bitcoin.
“The potential for fraud is magnified by the distributed ledger technology used by cryptocurrencies,” he added, which provides a “problematic cloak of anonymity.”
Read Jeffrey’s comments in economia