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March 20, 2019

As AML Compliance Fines Get Stiffer, AML Tech Stagnates

Even as regulations are getting tougher, criminals are getting more sophisticated and creative. In the latest money-laundering twist, thieves are using stolen credit card data to buy virtual currency in the wildly popular online game Fortnite and then selling them to players at deep discounts, getting clean funds from...

Even as regulations are getting tougher, criminals are getting more sophisticated and creative. In the latest money-laundering twist, thieves are using stolen credit card data to buy virtual currency in the wildly popular online game Fortnite and then selling them to players at deep discounts, getting clean funds from…