Like all other criminals, cyber criminals need to get their money out clean. Laundering activities are on the rise and financial institutions need to pay more attention to their customers' and employees' behaviour.
A gang of five men, including a corrupt banker, have pleaded guilty to their part in laundering more than £16m for international cybercriminals. Using their man on the inside at Barclays, the gang set up around 400 bank accounts over a three-year period, according to the UK's National Crime Agency. They shuffled stolen funds through these accounts to disguise the source of the money before transferring it back to cybercriminals in Eastern Europe.