By Jeffry A. Collins

Cryptocurrencies and Financial Crimes: The Role of Decentralized Cryptocurrency in Facilitating Money Laundering and the Challenges Posed on Anti–Money Laundering Regulations, 

By Jeffry A. Collins

This research examines the role of decentralized cryptocurrencies in facilitating money laundering and the challenges they pose to Anti–Money Laundering (AML) regulations through literature review and regulatory analysis. The study reveals that the decentralized, anonymous, and borderless nature of cryptocurrency enables illicit activities via cryptocurrency ATMs, mixing services, and decentralized exchanges (DEXs). For over a decade, the same regulatory problems persist today as were present at the inception of cryptocurrencies. Current AML frameworks, such as the Bank Secrecy Act and the Money Laundering Control Act, are inadequate for this decentralized ecosystem. The analysis critiques the fragmented efforts of U.S. regulatory agencies, identifying enforcement gaps and inconsistencies. To address these vulnerabilities, the paper proposes three solutions: mandating privacy–preserving technologies like zero–knowledge proofs for mixing services, requiring decentralized identity solutions for cryptocurrency ATMs and DEXs, and enhancing public education oncryptocurrency risks and safe practices. The study concludes with an urgent call for comprehensive regulatory reforms and educational initiatives to balance innovation, privacy, and security while combating money laundering in the cryptocurrency sector.

34 U. MIA Bus. L. Rev. 71 (2025).

The Various Forms of Human Enslavement in Today's World

By Usha Iyer-Raniga (Editor), Oluwatoyin Olatundun Ilesanmi (Editor)

More than 46 million people are currently victims of 21st-century slavery globally, most of whom are women and children. This book, 21st Century Slavery - The Various Forms of Human Enslavement in Today’s World provides a comprehensive overview of modern-day slavery, also known as contemporary slavery, neo-slavery, institutional slavery, and numerous other terms. It includes eight chapters that highlight human trafficking and explain and explore the act of recruiting, harbouring, transporting, providing, or obtaining a person for compelled labour or commercial sex acts using force, fraud, or coercion. The book discusses the recruitment, transportation, transfer, harbouring, and receipt of persons by improper means (such as force, abduction, fraud, or coercion) for an improper purpose including forced labour or sexual exploitation. It concludes that the world must not accept slavery in the 21st century. This volume is a useful resource on modern slavery for all academics interested in humanitarian and development studies across the globe and to all policymakers and governments of nations who are pushing for the elimination of all forms of slavery in their nationhood.