2 ms·
It's actually pretty rare for these to be used as money laundering tools.
by nl 4y ago
It's actually pretty rare for these to be used as money laundering tools.
- from 4y agoWestern Union has actually paid some substantial settlements to the government regarding AML and sanctions violations. Liability for AML stuff mostly falls on card issuers and is largely related to large cash sales of prepaid cards so Visa and Mastercard aren't really on the hook for that. If you followed the El Chapo trial you may remember the stories about prepaid cards: https://www.reuters.com/article/bc-finreg-money-laundering-idUSKCN1QN218 https://www.reuters.com/article/bc-finreg-money-laundering-i....