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Financial Intelligence Units and Regulatory Technology to Combat Crypto Laundering

Author

Listed:
  • Mehedi Hassan Murad

    (Department of Finance and Banking, National University, Dhaka, Bangladesh)

  • Imran Uddin

    (A2Z Finance Australia (Easy Mortgage Solutions Australia), Australia.)

  • Sadia Maliha Trisha

    (Dublin Business School, Dublin, Ireland.)

  • Shuvo Kumar Mallik

    (Department of Economics, Southeast University, Dhaka, Bangladesh)

  • Md. Kabirul Islam

    (Lecturer, Department of Finance and Banking, Uttara Town College, Dhaka, Bangladesh)

  • Noushin Akhter Nova

    (Corporation Advisory, International Finance Corporation (IFC))

Abstract

Since digital payments increased in 2015, crypto laundering has become a significant threat. This study explores preventing crypto laundering through RegTech and FIU, using qualitative content analysis with NVivo 12. Legal documents from the Commodity Futures Trading Regulatory Agency (CFTR) served as secondary data sources. Crypto laundering mitigation includes KYC (Know Your Customer) and risk-based transaction monitoring. Customized RegTech solutions, like facial recognition technology, should complement blockchain analytics tools. The study found that government agencies issue suspicious transaction reports, while INTRAC, Indonesia’s financial institution unit, handles transaction monitoring and analysis using a “follow the money†methodology. This research contributes to forensic accounting knowledge and suggests policy-level actions for regulators, collaborating with technology specialists to combat crypto laundering.

Suggested Citation

  • Mehedi Hassan Murad & Imran Uddin & Sadia Maliha Trisha & Shuvo Kumar Mallik & Md. Kabirul Islam & Noushin Akhter Nova, 2025. "Financial Intelligence Units and Regulatory Technology to Combat Crypto Laundering," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(15), pages 130-144, January.
    • Handle: RePEc:bcp:journl:v:9:y:2025:i:15:p:130-144
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    References listed on IDEAS

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