New tech and older money transfer systems combine to create novel ways for criminals to move illicit funds under the radar.
The paper - 'Shadowy figures: Tracking illicit financial transactions in the murky world of digital currencies, peer-to-peer networks, and mobile device payments' published by the James A Baker Institute for Public Policy at Rice University' - asserts that a combination of the enormous growth in social networks, the complexity of peer-to-peer systems and software, and the number of Internet and wirelessly connected devices is altering the landscape of financial transactions at a rate and to a degree that is unprecedented.
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