North Korea Now Leans on Crime Networks to Launder Stolen Crypto: RUSI
60-second summary
North Korea is increasingly relying on crime networks to launder stolen cryptocurrency, according to a recent report by the Royal United Services Institute. This tactic involves mixing stolen funds with money from scams, making it difficult for exchanges to distinguish between proliferation finance and ordinary laundering activities, posing significant challenges to global anti-money laundering efforts.
Once its proceeds mix with scam money, exchanges struggle to separate proliferation finance from ordinary laundering, the paper warns.