Friday, 24 July 2020

Fake Services Are Deceiving Real Banks Into Processing Online Drug Purchases

One site promoted pet products. Another marketed flowers; another, house designs. All of them were really fronts to process payments for marijuana or designer drugs, prosecutors said.

The Justice Department and the Federal Trade Commission have actually recently brought a string of criminal and civil cases accusing individuals and companies of utilizing legitimate-looking websites to deceive financial companies into processing unsavory purchases. Such plans are frequently called credit-card laundering or transaction laundering.

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source https://jobsearchtips.net/fake-services-are-deceiving-real-banks-into-processing-online-drug-purchases/

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