Crypto Crime Evolves: Elliptic's Latest Insights into Money Laundering and Regulation

Elliptic's Typologies Report 2023 provides insights into the evolving landscape of crypto crime and regulatory requirements. In the past year, the collapse of FTX in November 2022 has led to a flurry of regulatory activity worldwide.

The report highlights emerging regulatory frameworks in jurisdictions such as Hong Kong, Dubai, the UK, and the European Union, which have created new operational challenges for compliance teams.

Threat actors like North Korean cybercriminals and ransomware gangs are now using decentralized finance (DeFi) services to engage in 'chain-hopping' typologies of money laundering.