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Financial crime: A growing evil

Some digital assets are targets for theft, fraud, and illicit activities in general.

Despite the benefits that technological advancement and digitalization represent for humanity, such as the endless opportunities for trade and investment, they also serve as tools for those who engage in financial crime.

In this sense, for some time now, cryptocurrencies and crowdfunding, digital assets with great potential, have become targets for theft, fraud and other illicit activities.

The cybercriminals They benefit from the difficulty in tracing transactions on the blockchain to launder stolen money. In this case, the anonymity and decentralization of cryptocurrencies, such as Bitcoin, make them an ideal instrument for money laundering.

Everything in one click

Currently, with Artificial Intelligence and other technological tools it is very easy to appear legitimate, which is why there are those who use this to commit their misdeeds. Such is the case of crowdfunding platforms.

In this way, these platforms allow people to invest in projects
innovative; However, some of them are fraudulent and manage, through deception, to raise funds with false promises.

Fighting digital financial crime requires a joint effort from governments, companies and users. There is a need for clear regulatory frameworks for cryptocurrencies and crowdfunding, strengthening international cooperation to share information and combat cross-border crime, and educating users about the risks associated with these tools.

We have to be cautious

If you are considering investing in cryptocurrencies or participating in crowdfunding projects, Seguros Venezuela's Money Laundering Prevention Compliance Officer, Peggy García recommends that you carefully investigate the platform or project in question. Seek reliable information from certified sources, verify the identity of those responsible for the project or platform, and make sure you understand the risks involved before making any decisions.

It should be recalled that security and transparency They are essential in the digital world. It's important not to invest in something you don't understand and if something seems too good to be true, it probably isn't.

Digital financial crime is a real threat, but with knowledge and caution, we can protect ourselves and take advantage of the opportunities offered by cryptocurrencies and crowdfunding.

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