By Sandra Fungai Kabaya ( August 1, 2023, 1:26 PM EDT) -- Money laundering has long been a major concern for regulators and law enforcement organizations worldwide. Criminals have regularly used a variety of methods to conceal the criminal origins of their funds, making it difficult to track down and recover illicit revenues. However, the emergence of Web3 technologies such as blockchain and cryptocurrencies has changed the face of money laundering. This essay examines the influence of Web3 on money laundering, noting the challenges it offers as well as the potential prospects for tackling financial crime in this changing environment....