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"Most of the payments were blocked but $81 million was routed to accounts in the Philippines " Given that in most of the countries "Know Your Customer" (or its
by ajonit 10y ago
"Most of the payments were blocked but $81 million was routed to accounts in the Philippines "
Given that in most of the countries "Know Your Customer" (or its variations) is strictly followed, I wonder what makes it so difficult for multi nation police( involving interpol) to reverse track the hacker - from money receiving accounts -> account holders -> beating the st out of them to reveal senders name.
- deleted 10y ago[deleted]
- nols 10y agoKYC laws are not strictly followed in the Philippines, in fact people accused of laundering the money in the Philippines have routinely cited bank secrecy laws when questioned.
- pakled_engineer 10y agoEven if they are followed these are likely organized international criminals and KYC is just a speed bump for them to cruise over with stolen identities.