Shell companies and a growing market for cryptocurrency have become the new hotbeds for money laundering across the Asia-Pacific region, but new technologies such as artificial intelligence (AI) have emerged as effective tools to counter the crime, according to Forrester Research.
Varied regulatory frameworks and enforcement across Asia-Pacific countries have led to a proliferation of shell companies, allowing criminals to exploit loopholes and conceal illicit funds, the US-based researcher said in a report.
Meanwhile, growing interest around cryptocurrency in Asia – which now makes up 70…
