Glossary

Also known as tumblers or blenders, are services that hide the control or origins of virtual assets by mixing virtual assets controlled by one person with other virtual assets controlled by other people.

Money laundering typically involves hiding, disguising or legitimising the true origin and ownership of money or property used in or derived from crime.

Someone who transfers or moves illegally acquired money on behalf of someone else.

Money mules can move funds in various ways, including:

• physical cash
• bank account transfers
• obtaining and depositing cashier’s cheques
• virtual assets
• using prepaid debit cards
• via remittance service providers.