Money Laundering in the Bitcoin Network: Perspective of Mixing Services

Junwoo Seo, Mookyu Park, Haengrok Oh, Kyung Ho Lee

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Various crimes using Bitcoin are highlighted. Among various crimes using Bitcoin, this paper suggests a method to detect money laundering focusing on mixing service that provides Money Laundering. This is part of the anti-money-laundering (AML) strategy, which can determine whether the mixer service is used in certain transactions by using transaction sample data using mixer. Money laundering using Bitcoin is often used to avoid fund tracking in the underground world and analyzing it is essential in situational awareness of fund tracking.

Original languageEnglish
Title of host publication9th International Conference on Information and Communication Technology Convergence
Subtitle of host publicationICT Convergence Powered by Smart Intelligence, ICTC 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1403-1405
Number of pages3
ISBN (Electronic)9781538650400
DOIs
Publication statusPublished - 2018 Nov 16
Event9th International Conference on Information and Communication Technology Convergence, ICTC 2018 - Jeju Island, Korea, Republic of
Duration: 2018 Oct 172018 Oct 19

Other

Other9th International Conference on Information and Communication Technology Convergence, ICTC 2018
CountryKorea, Republic of
CityJeju Island
Period18/10/1718/10/19

Fingerprint

Crime

Keywords

  • anti money laundering
  • bitcoin
  • mixer
  • money laundering

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Computer Science Applications
  • Information Systems
  • Information Systems and Management
  • Artificial Intelligence

Cite this

Seo, J., Park, M., Oh, H., & Lee, K. H. (2018). Money Laundering in the Bitcoin Network: Perspective of Mixing Services. In 9th International Conference on Information and Communication Technology Convergence: ICT Convergence Powered by Smart Intelligence, ICTC 2018 (pp. 1403-1405). [8539548] Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ICTC.2018.8539548

Money Laundering in the Bitcoin Network : Perspective of Mixing Services. / Seo, Junwoo; Park, Mookyu; Oh, Haengrok; Lee, Kyung Ho.

9th International Conference on Information and Communication Technology Convergence: ICT Convergence Powered by Smart Intelligence, ICTC 2018. Institute of Electrical and Electronics Engineers Inc., 2018. p. 1403-1405 8539548.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Seo, J, Park, M, Oh, H & Lee, KH 2018, Money Laundering in the Bitcoin Network: Perspective of Mixing Services. in 9th International Conference on Information and Communication Technology Convergence: ICT Convergence Powered by Smart Intelligence, ICTC 2018., 8539548, Institute of Electrical and Electronics Engineers Inc., pp. 1403-1405, 9th International Conference on Information and Communication Technology Convergence, ICTC 2018, Jeju Island, Korea, Republic of, 18/10/17. https://doi.org/10.1109/ICTC.2018.8539548
Seo J, Park M, Oh H, Lee KH. Money Laundering in the Bitcoin Network: Perspective of Mixing Services. In 9th International Conference on Information and Communication Technology Convergence: ICT Convergence Powered by Smart Intelligence, ICTC 2018. Institute of Electrical and Electronics Engineers Inc. 2018. p. 1403-1405. 8539548 https://doi.org/10.1109/ICTC.2018.8539548
Seo, Junwoo ; Park, Mookyu ; Oh, Haengrok ; Lee, Kyung Ho. / Money Laundering in the Bitcoin Network : Perspective of Mixing Services. 9th International Conference on Information and Communication Technology Convergence: ICT Convergence Powered by Smart Intelligence, ICTC 2018. Institute of Electrical and Electronics Engineers Inc., 2018. pp. 1403-1405
@inproceedings{cc0cfccb3b774e02a4b236bc33291aa6,
title = "Money Laundering in the Bitcoin Network: Perspective of Mixing Services",
abstract = "Various crimes using Bitcoin are highlighted. Among various crimes using Bitcoin, this paper suggests a method to detect money laundering focusing on mixing service that provides Money Laundering. This is part of the anti-money-laundering (AML) strategy, which can determine whether the mixer service is used in certain transactions by using transaction sample data using mixer. Money laundering using Bitcoin is often used to avoid fund tracking in the underground world and analyzing it is essential in situational awareness of fund tracking.",
keywords = "anti money laundering, bitcoin, mixer, money laundering",
author = "Junwoo Seo and Mookyu Park and Haengrok Oh and Lee, {Kyung Ho}",
year = "2018",
month = "11",
day = "16",
doi = "10.1109/ICTC.2018.8539548",
language = "English",
pages = "1403--1405",
booktitle = "9th International Conference on Information and Communication Technology Convergence",
publisher = "Institute of Electrical and Electronics Engineers Inc.",

}

TY - GEN

T1 - Money Laundering in the Bitcoin Network

T2 - Perspective of Mixing Services

AU - Seo, Junwoo

AU - Park, Mookyu

AU - Oh, Haengrok

AU - Lee, Kyung Ho

PY - 2018/11/16

Y1 - 2018/11/16

N2 - Various crimes using Bitcoin are highlighted. Among various crimes using Bitcoin, this paper suggests a method to detect money laundering focusing on mixing service that provides Money Laundering. This is part of the anti-money-laundering (AML) strategy, which can determine whether the mixer service is used in certain transactions by using transaction sample data using mixer. Money laundering using Bitcoin is often used to avoid fund tracking in the underground world and analyzing it is essential in situational awareness of fund tracking.

AB - Various crimes using Bitcoin are highlighted. Among various crimes using Bitcoin, this paper suggests a method to detect money laundering focusing on mixing service that provides Money Laundering. This is part of the anti-money-laundering (AML) strategy, which can determine whether the mixer service is used in certain transactions by using transaction sample data using mixer. Money laundering using Bitcoin is often used to avoid fund tracking in the underground world and analyzing it is essential in situational awareness of fund tracking.

KW - anti money laundering

KW - bitcoin

KW - mixer

KW - money laundering

UR - http://www.scopus.com/inward/record.url?scp=85059472170&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85059472170&partnerID=8YFLogxK

U2 - 10.1109/ICTC.2018.8539548

DO - 10.1109/ICTC.2018.8539548

M3 - Conference contribution

AN - SCOPUS:85059472170

SP - 1403

EP - 1405

BT - 9th International Conference on Information and Communication Technology Convergence

PB - Institute of Electrical and Electronics Engineers Inc.

ER -