Money laundering tricks

Cyber ​​criminals have many tools for money laundering or dispersing "spoils" on the Internet. They can cover up and change such media so well that cyber-security agencies cannot stop it.

This is FATF's warning (Financial Action Task Force) - an organization specializing in providing information about financial crimes, based in France.

FATF said online payment services, also known as "electronic wallets", such as PayPal (USA) or Neteller (UK) are really useful for those who want to trade via the Internet but are afraid to disclose information. sensitive finance. They will register to open an online account, which only contains a sufficient amount of money to reduce the risk of fraud.

But "e-wallets" are becoming a special concern for FATF because they allow customers to trade anonymously without leaving traces on paper. This tool has unwittingly helped and facilitated bad guys to use dirty money to buy goods.

Online payments thrive in part thanks to Internet gambling, especially since 2001 when many US credit card companies refused to deal with gambling-related transactions due to fears of bankruptcy. However, users simply switch to an online payment system outside the US because each country cannot impose policies on non-territorial Internet services.

Gambling is the fastest method of money laundering. For example, when criminals steal some bank accounts, they will use that money to pour into football betting games online. If you win, the bonus will be paid to another legal account.

In March 2004, a person in Oklahoma (USA) was accused of online fraud for up to $ 9 million. This hand has laundered money through E-Gold online banking. Since then, the underground world has considered E-Gold as the number one currency trading option.

After hacking a bank account, selling pornographic images . cyber criminals shared the same destination as E-Gold. They are allowed to use fake names and simply enter their credit card numbers and money transfer services. That money is quickly transferred to another e-gold account and the recipient will easily convert it into cash without any problems.