In this paper, FINTRAIL and ComplyAdvantage explore how existing money laundering risks can impact the emerging FinTech landscape. We also look to the future, identifying some of the emerging money laundering risks we expect to see targeting FinTechs in the coming years. In support of our work, we’ve included feedback from the FinTech FinCrime Exchange (FFE) community to give a view of how these risks are currently impacting operational FinTechs.

This paper covers:

  • Cash-based money laundering

  • Money mules

  • Smurfing

  • Cross-border payments

  • Deepfakes, and

  • Ransomware

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