Rinsed

From Cartels to Crypto: How the Tech Industry Washes Money for the World's Deadliest Crooks

Trade Paperback, 288 pages

English language

Published Sept. 17, 2024 by Penguin Books, Limited.

ISBN:
978-0-241-62483-8
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There's an old saying: 'a rising tide lifts all boats'.

It's normally couched in positive terms; that overall economic improvement will benefit everyone. In the case of hi-tech money laundering, however, it offers a dark vision of the future. The better these launderers become at their work, the more crime of all types will be enabled. It's time to understand where the water is rising, before it washes over us all.

Money laundering has been around for centuries. For as long as people have been stealing money, there's been an industry ready to wash it. But recent tech innovations have created vastly complex new systems for laundering that threaten to overwhelm authorities, destabilise economies and disrupt societies.

Ranging from the flamboyant luxury of Dubai hotels to quiet coastal Ireland, from the UK to Nigeria and from Indonesia to North Korea, Rinsed is a truly global relevatory investigation into the new …

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Sensational Stories with a Flawed Perspective

Rinsed: From Cartels to Crypto: How the Tech Industry Washes Money for the World's Deadliest Crooks by Geoff White is a compelling but ultimately frustrating read. The book sets out to explore how technological innovations—like cryptocurrency, video games, and alternative routing protocols (such as Tor)—have provided new systems for laundering money. White argues that these innovations threaten to overwhelm authorities, destabilise economies, and disrupt societies (if only).

The stories White tells are undeniably gripping. The book begins with drug cartels, delves into sex trafficking and exploitation, and then moves on to nation-state hacking. However, while the narrative is sensational and the topics undeniably important, it often feels like White loses sight of the bigger picture. His focus on technology as the root of modern-day laundering and exploitation oversimplifies these deeply entrenched issues.

Yes, technology has allowed these problems to scale, but that's because we’ve never truly addressed the root causes: …

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Subjects

  • True Crime
  • Technology and Society
  • Organized Crime
  • Cybersecurity
  • Financial Crime

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