In many jurisdictions, cryptoassetATMs remain unregulated – or of unclear regulatory status. This makes them an attractive target for criminals, who use ATMs to convert large amounts of cash into crypto assets.

1. CRYPTO ATM
MONEY LAUNDERING
via
Your Legal & Financial Guide

2. In many jurisdictions, cryptoasset
ATMs remain unregulated – or of
unclear regulatory status. This
makes them an attractive target
for criminals, who use ATMs to
convert large amounts of cash
into cryptoassets.
Your Legal & Financial Guide
02

3. HOW DO
THEY
DO IT?

4. Proceeds of illegal activity
Deposited in Crypto ATMs
Cash deposited in criminal's bank account
Crypto sent to beneficiaries wallet
Crypto converted into fiat on exchange
Funds withdrawn in cash

5. Criminals may also rely on mules
to funnel illicit funds through
cryptoasset ATM networks. The
use of widespread and complex
money mule networks can create
added challenges of detection
and prevention for cryptoasset
ATM operators.
Your Legal & Financial Guide
05

6. Your Legal & Financial Guide
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Adv. P. M. Mishra
Lawyer & International
Regulatory Expert