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

    5 Citations (Scopus)

    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
    Country/TerritoryKorea, Republic of
    CityJeju Island
    Period18/10/1718/10/19

    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

    Fingerprint

    Dive into the research topics of 'Money Laundering in the Bitcoin Network: Perspective of Mixing Services'. Together they form a unique fingerprint.

    Cite this