JULY 26, 2017
As Internet-based innovation becomes increasingly accessible to the wider public, those determined to conceal illegally obtained funds can now do so in broad daylight, rather than turning to the remote corners of the dark Web.
“We now live in the unbelievable reality where anyone who wants to launder money can very, very easily do it through e-commerce,” Ron Teicher, founder and CEO of the Israeli cyber intelligence firm EverCompliant, told The Jerusalem Post on Monday.Setting up online shops that serve as a front for illegal financial activity is now so effortless that anyone can do it – even terrorist organizations, Teicher warned.