<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2500-8692</journal-id>
<journal-title><![CDATA[Novum Jus]]></journal-title>
<abbrev-journal-title><![CDATA[Novum Jus]]></abbrev-journal-title>
<issn>2500-8692</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2500-86922024000200250</article-id>
<article-id pub-id-type="doi">10.14718/novumjus.2024.18.2.10.</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Cryptocurrency and its Nexus with Money Laundering and Terrorism Financing within the Framework of FATF Recommendations]]></article-title>
<article-title xml:lang="es"><![CDATA[Las criptomonedas y su nexo con el lavado de dinero y la financiación del terrorismo en el marco de las recomendaciones del GAFI]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Anggriawan]]></surname>
<given-names><![CDATA[Rizaldy]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Endriyo Susila]]></surname>
<given-names><![CDATA[Muh.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,University of Szeged  ]]></institution>
<addr-line><![CDATA[Szeged ]]></addr-line>
<country>Hungary</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universitas Muhammadiyah Yogyakarta  ]]></institution>
<addr-line><![CDATA[Brawijaya Daerah Istimewa Yogyakarta]]></addr-line>
<country>Indonesia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2024</year>
</pub-date>
<volume>18</volume>
<numero>2</numero>
<fpage>250</fpage>
<lpage>277</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2500-86922024000200250&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2500-86922024000200250&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2500-86922024000200250&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Cryptocurrency has emerged as a viable alternative to conventional payment systems, offering its users notable advantages such as cost efficiency and rapid transaction processing. However, cryptocurrencies' decentralized nature, anonymity, and susceptibility to cyber threats introduce the potential for their exploitation in illicit activities, notably money laundering and terrorism financing (ML/TF). This scholarly investigation seeks to investigate the roles played by international organizations actively combating such criminal activities. In this academic context, a meticulous consideration of the inherent risks associated with the aforementioned criminal endeavors is undertaken, aligning with the guidelines and recommendations set forth by the Financial Action Task Force (FATF). The study underscores a significant finding that cryptocurrency accounts can be opened anonymously, with no centralized registry to monitor cryptocurrency ownership. This characteristic poses a formidable challenge in confiscating funds linked to terrorist activities. Even in instances where cryptocurrency transactions may be traced, accessing this critical data necessitates the involvement of third-party entities, given that cryptocurrency transactions are recorded in decentralized ledgers spanning multiple jurisdictions. Furthermore, the study underscores the imperative of coordination and information exchange as indispensable elements in the ongoing battle against organized and transnational criminal activities, specifically ML/TF. Moreover, the study elucidates the incongruence between cryptocurrency and FATF regulations governing electronic fund transfers, as cryptocurrencies can make transactions through opaque and unregulated conduits, such as the deep web.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen La criptomoneda se ha convertido en una alternativa viable a los sistemas de pago tradicionales al ofrecer a los usuarios ventajas importantes como la rentabilidad y el procesamiento rápido de transacciones. Sin embargo, la naturaleza descentralizada de las criptomonedas, junto con la capacidad de anonimato y la susceptibilidad a las amenazas cibernéticas, tiene el potencial de explotarse en actividades ilícitas, en particular el lavado de dinero y la financiación del terrorismo. Esta investigación académica busca profundizar en el papel que desempeñan las organizaciones internacionales que participan activamente en la lucha contra este tipo de actividades criminales. En este contexto académico, se lleva a cabo una consideración meticulosa de los riesgos inherentes asociados con los esfuerzos criminales antes mencionados, la cual se alinea con las pautas y recomendaciones establecidas por el Grupo de Acción Financiera Internacional (GAFI). El estudio subraya un hallazgo importante: las cuentas de criptomonedas se pueden abrir con un alto grado de anonimato, sin un registro centralizado para hacer seguimiento de la propiedad de las criptomonedas. Esta característica representa un desafío formidable en términos de confiscación de fondos vinculados a actividades terroristas. Incluso en los casos en los que se pueden rastrear las transacciones de criptomonedas, el acceso a estos datos críticos requiere la participación de terceros, dado que las transacciones con criptomonedas se registran en libros de contabilidad descentralizados que abarcan diferentes jurisdicciones. Además, el estudio subraya el imperativo de coordinar e intercambiar información como elementos indispensables en la batalla en curso contra las actividades criminales organizadas y transnacionales, en especial en los ámbitos del lavado de dinero y la financiación del terrorismo. Por otra parte, el estudio aclara la incongruencia entre las criptomonedas y los reglamentos del GAFI que rigen las transferencias electrónicas de fondos, puesto que las criptomonedas ofrecen los medios para ejecutar transacciones a través de conductos opacos y no regulados, como la internet profunda.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[cryptocurrency]]></kwd>
<kwd lng="en"><![CDATA[FATF recommendations]]></kwd>
<kwd lng="en"><![CDATA[international cooperation]]></kwd>
<kwd lng="en"><![CDATA[money laundering]]></kwd>
<kwd lng="en"><![CDATA[terrorism financing]]></kwd>
<kwd lng="es"><![CDATA[criptomoneda]]></kwd>
<kwd lng="es"><![CDATA[recomendaciones del GAFI]]></kwd>
<kwd lng="es"><![CDATA[cooperación internacional]]></kwd>
<kwd lng="es"><![CDATA[lavado de dinero]]></kwd>
<kwd lng="es"><![CDATA[financiación del terrorismo]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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