The nexus of information technologies and illicit financial flows: phenomenon and legal challenges

Abstract

The emerging concept of illicit financial flows has recently become a very topical issue on the international agenda. Due to the relative newness of this concept, there is still a lack of research on the nexus between these flows and information technologies, in particular, the internet. This paper seeks to contribute to the research on this problem from a broader perspective, linking the previously disconnected issues of traditional organised crime, online crime, and money laundering to the concept of illicit financial flows on the internet, before debating the related legal challenges.