about 0.6 times the size of Connecticut
the ROC financial system is vulnerable to money laundering by domestic and foreign criminals; proceeds generated by illicit activity abroad pose a greater threat; primary sources of illicit proceeds are investment fraud, corruption, advance fee fraud, tax evasion, illegal drugs, and tobacco smuggling. Additionally, cybercrime, especially phishing, e-mail hacking, and ransomware use, continues to increase. Criminals have reportedly used ROC banks to launder proceeds, particularly from Russian and Ukrainian illicit activity.