What is cyberlaundering?
Cyberlaundering is the natural evolution of money laundering, or what we call throughout the site legacy laundering or just plain money laundering”. Being that most monetary assets have moved into the digital realm, it makes sense that one of the most recurrent financial crimes has evolved as well. Money laundering, in aggregate is simply taking illicit gains from some class of illegal activity and filtering the funds back into a legitimate economic system. Some definitions strictly say that it is the transforming of the dirty money into clean money, but the more problematical issue is making the money appear legitimate in the eyes of the concerning governmental parties (integration, the third step and last step in the general laundering model).