Bill Winters: Digital Money Laundering

Posted by admin on Monday, May 21, 2018

Bill Winters Money Quote saying digital crime is increasingly sophisticated and the bad guys appear to be winning at money laundering. Bill Winters said:
 

 

“Criminals are no longer simply winning when it comes to money laundering; they’re harnessing a growing arsenal of digital capabilities to completely change the game.” — Bill Winters

 

 

In this quote, Bill Winters is referring to how criminals who engage in money laundering are no longer just profiting from that illegal activity. He notes that they have moved beyond “simply winning” and are now using increasingly sophisticated “digital capabilities” and technologies to radically transform how money laundering is carried out.

Winters suggests that criminals have harnessed powerful new tools that allow them to completely change the strategic landscape and game when it comes to concealing the illegal origins of funds. His point is that money laundering has advanced well beyond traditional analog methods, and the digital era has enabled criminal networks to innovate in ways that make their operations far more difficult to detect and disrupt.