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

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

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  • 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