MLMoney Laundering
Concealing the criminal origin of proceeds to make them appear legitimate. Here, ML means money laundering.
What does it mean?
English expansion: Money Laundering
Concealing the criminal origin of proceeds to make them appear legitimate. Here, ML means money laundering.
How is this concept used?
Money laundering involves concealing or disguising criminal proceeds so that they appear legitimate. In this glossary ML means money laundering; in other settings the same letters can mean machine learning. The meaning should always be read in its context.
Documented examples
Documented example
Bitfinex case: laundering methods (2024)
On 14 November 2024, the U.S. DOJ reported Ilya Lichtenstein's prison sentence for a money laundering conspiracy involving bitcoin stolen from Bitfinex. The notice described false identities, asset conversions and mixing services used to launder stolen funds.
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Documented example
Bitcoin Fog: concealment of proceeds (2026)
On 25 September 2026, the U.S. D.C. Circuit affirmed Roman Sterlingov's conviction and sentence in the Bitcoin Fog case. The opinion describes a Bitcoin mixer used to conceal criminal proceeds, including funds from darknet marketplaces.
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Connection to a wallet report
A risk finding may identify an association worth examining. It does not by itself establish the source of every unit of money, the owner’s knowledge or a proven laundering offence.
A common misconception
A transaction path alone does not prove money laundering or the recipient’s involvement.
Related reading
Put the explanation in context
When you need a wallet report, open the application and follow its normal account and scan process.
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