Laundering Money Online: A review of cybercriminals’ methods
arxiv.org
arxiv.org
Money laundering is when several fake corporations established and begin transfering shitpiles of botnet and card money from Baltic states to "isles" to such an extent that whole countries are scared of opening accounts for "internet startups" after that.
The thing is, what criminal money laundering "is" can change drastically when new opportunities present themselves. It does need to scale, but if it can be reasonably automated (or delegated to low- or unpaid grunts, like the work-from-home scams), individual transaction size can be quite small, and that may even be preferable.
However, is it far fetched to think illicit funds might finance the development of a virtual economy, in a mobile game perhaps, that could be used to launder money? Seems theres a need for fraud detection practices to extend into virtual economies as well.
I don't think so.. The lure is that it can be fast and automated, and that using new technology will help avoiding the feds.
Everyone knows the first step to laundering money is to open an Italian restaurant :-)
In 2006 or 2007 my son sold 80,000 gold to IGE and they paid him $70 per 1000g. That's right, $5,600
directly to his PayPal account. He got most of the gold through selling as he types this: "aq20 spellbooks
from guild bank around level 60"Laundering is when I can justify to the IRS that my fund are earned legitimated eg. no criminal activity AND I paid my taxes on it.