Cyberlaundering by means of anonymous digital cash is the natural evolution of money laundering, or what we call throughout the site legacy laundering or just plain money laundering.
Abviously, as Internet has made commerce easy and ideal, also it has made it ideal for money laundering .Some of the reasons that offenders use, or better to say, abuse internet for Cyberlaundering are as follow:
• Speed
• Access
• Anonymity
• Capacity to extend beyond national border
Cyberlaundering is electronic transfer of illegally-obtained monies with the goal of hiding its source and possibly its destination. Being that most monetary assets have moved into the digital realm, it makes sense that one of the most recurrent financial crimes has evolved as well. Money laundering is simply taking illegal gains from some class of illegal activity and filtering the funds back into a legitimate economic system. Some definitions clearly say that it is the transforming of the dirty money into clean money, but the more problematical issue is making the money appear legal in the according to law and government. (integration, the third step and last step in the general laundering model).
After studying different articles about this subject I find that cyber laundering causes a severe damage to the economy of the society that has a calculated on it to manage their economy and it is so dangerous for most of the societies because based on these economic situation in the last 5 year, economic is the major vulnerable points of the countries which are developed or under developing.
Based on these asumption, I found because these kind of problems can comes with serious economic problems for goverments; they try to have strong laws for these kind of crimes to pervent any kind of cyberspace crimes. I wana go through these kind of laws in these weblog