Money Laundering in an Online World

Okay, so read this [article]( about Malaysia’s ex-PM pleading not guilty to numerous counts of money laundering after stealing from the 1MDB fund over the past couple of years. So, I was just wondering what the chances were of acts such as money laundering happening with virtual currencies and the use of blockchain technology in the online world?

I mean, I’m sure the risk is incredibly high considering VCs are mostly unregulated by central banks or governments. But wouldn’t the risk of money laundering through the use of VCs and blockchain be super risky as well? I mean, the blockchain ledger is unalterable and cannot be erased, so these transactions would technically remain on the chain forever, right? I’m no expert, but would love to know some of your thoughts!

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