Money laundering

« Back to Glossary Index

The money laundering consists in hiding benefits from illegal activities so they seem to come from legal sources. It is normally related to other severe crimes such us drug traffic or extorsion. The AML regulation of each country is the legal frame to control this kind of activities.

« Back to Glossary Index

Related articles

Node

A node is every single computer where an updated and complete copy of the DLT network can be stored. Nodes are in charge of the validation of new transactions. When the nodes validate a new transaction, this is added to the network, and the nodes receive a copy of the updated network. This way, the […]

Learn More

Hash

The hash function is a mathematical algorithm based on cryptography. This algorithm transforms any given block of a random data into a series of characters with a fixed length. Independently of the length in the entry data, the length of the output data will be always the same. This function works in Blockchain as part […]

Learn More

Cryptoasset

A cryptoasset is a digital representation of value or rights that can be stored and transmitted electronically. The technology used to store these assets are DLT like blockchain. The cryptocurrencies are a type of cryptoasset, but not the only one.

Learn More