Dark WebMoney Laundering

12% of Fraud on the Dark Web is Finance Related

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A recent study of the Dark Web indicates 12% of all activity in the underground is financial crime related. A video by EMCDDA indicates how cryptocurrency is used to ‘cashout’

Of course Crypto criminals don’t have it all their own way. The average lifespan of a dark web market is now just 8 months with a range of reasons, some law enforcement related.

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There are however some longer established markets. These tend to guard membership more securely making it more difficult for Law Enforcement to infiltrate them.

In an ironic twist it can be seen through the rules on some of the forums that hacking isn’t allowed amongst other criminal activity. Although the code of honour only goes so deep, with many markets, in the above diagram, seen to scam their users by closing down and running with the transactions.

For a deeper insight into the Dark web, download the EMCDDA report (link below).

[download id=”310″]

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