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Out of curiosity do you share the suspected fraud with law enforcement? At that amount there are probably too many to chase down so I’d think this is just an un
by cuuupid 3y ago
Out of curiosity do you share the suspected fraud with law enforcement? At that amount there are probably too many to chase down so I’d think this is just an unprosecuted crime?
- smokefoot 3y agoGenerally the bank will file a Suspicious Activity Report (SAR) with FINCEN for egregious cases. I don’t think intermediaries like stripe have any direct responsibility in this respect but I could be wrong. The volumes are huge and few SARs actually are investigated or prosecuted.
- fragmede 3y agoSARs are for, like, attempted funding of terrorists. fraudy cc attempts don't scratch the surface
- smokefoot 3y agoUm, no. Banks file a lot of those. If it’s me using my dads credit card number then sure, not a SAR. But most of that activity is systematic: either backed by organized crime or a semi-professional fraudster. Those most definitely would get a SAR
- fragmede 3y ago> If it’s me using my dads credit card number then sure, not a SAR. I was imaging that end of the spectrum, but you're right, when it escalates to organized mafia gang criminal organizations there would be SARs.
- smokefoot 3y agoSorry that was probably an overly snarky response on my part. Stripes product is actually aimed at merchants so two steps removed anyway.