Asia-Pacific Emerges as a Major Destination for Money Laundering: Insights from Forrester Report

Monday, 13 May 2024, 11:30

A recent report by Forrester highlights the Asia-Pacific region as a significant hub for money laundering activities. The report emphasizes the exploitation of shell companies and cryptocurrencies by criminals who take advantage of the perceived anonymity and cross-border transaction ease. As AI technologies attempt to track down these illicit actors, the challenges posed by evolving strategies remain a cause for concern.

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Asia-Pacific Identified as a Hotspot for Money Laundering Activity

Criminals exploit the perceived anonymity and ease of cross-border transactions that cryptocurrencies offer, Forrester report says.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Asia-Pacific Identified as a Hotspot for Money Laundering Activity

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