by Ahsan Habib
It seems to be a reasonable enough assumption that a dedicated money launderer would be able to utilise crowdfunding to wash their dirty money.The features facilitating the exploitation of crowdfunding for money laundering include the lack of legal regulations imposing a direct obligation to identify clients of crowdfunding platforms, as well as the absence of supervision of their activities. This can generate such threats as the mingling of income from legal and illegal sources, transferring criminal proceeds to persons conducting crowdfunding, and legitimating assets through the organisation of crowdfunding campaigns.
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