Money Laundering in the Bitcoin Network: Perspective of Mixing Services

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

doi:10.1109/ICTC.2018.8539548

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 proceeding › Conference 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 language	English
Title of host publication	9th International Conference on Information and Communication Technology Convergence
Subtitle of host publication	ICT Convergence Powered by Smart Intelligence, ICTC 2018
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	1403-1405
Number of pages	3
ISBN (Electronic)	9781538650400
DOIs	https://doi.org/10.1109/ICTC.2018.8539548
Publication status	Published - 2018 Nov 16
Event	9th International Conference on Information and Communication Technology Convergence, ICTC 2018 - Jeju Island, Korea, Republic of Duration: 2018 Oct 17 → 2018 Oct 19

Other

Other	9th International Conference on Information and Communication Technology Convergence, ICTC 2018
Country/Territory	Korea, Republic of
City	Jeju Island
Period	18/10/17 → 18/10/19

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

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/ICTC.2018.8539548

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 et al.

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 proceeding › Conference 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

@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 = nov,

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.",

note = "9th International Conference on Information and Communication Technology Convergence, ICTC 2018 ; Conference date: 17-10-2018 Through 19-10-2018",

}

TY - GEN

T1 - Money Laundering in the Bitcoin Network

T2 - 9th International Conference on Information and Communication Technology Convergence, ICTC 2018

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.

Y2 - 17 October 2018 through 19 October 2018

ER -

Money Laundering in the Bitcoin Network: Perspective of Mixing Services

Abstract

Other

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this