Friday, October 12, 2012: 10:40 AM
Hall 4E/F (WSCC)
The concept of money laundering is not a new thing. Terrorist and criminal organizations have been
trying to clean dirty money for the last hundred years to pay for their nefarious deeds. With the dawn
of the online world, there have been many fresh and innovative techniques that have become available.
The purpose of our research is to monitor and analyze some of the most prominent techniques used
such as PayPal and online poker. We will determine the reliability, durability, and feasibility of these
methods in an online setting. If the research is deemed feasible, we will try to automate some of these
methods to get a better understanding of how terrorists fund themselves. By automating some of the
micro transactions that occur when laundering, we can discover the most meticulous and under the
radar methods that allow criminals to remain undetected in cyberspace.
trying to clean dirty money for the last hundred years to pay for their nefarious deeds. With the dawn
of the online world, there have been many fresh and innovative techniques that have become available.
The purpose of our research is to monitor and analyze some of the most prominent techniques used
such as PayPal and online poker. We will determine the reliability, durability, and feasibility of these
methods in an online setting. If the research is deemed feasible, we will try to automate some of these
methods to get a better understanding of how terrorists fund themselves. By automating some of the
micro transactions that occur when laundering, we can discover the most meticulous and under the
radar methods that allow criminals to remain undetected in cyberspace.
This research project was sponsored by the Department of Homeland Security.