THE STREAMING LAUNDROMAT OFFERS ORGANISED CRIME A NEW CHANNEL FOR MOVING DIRTY MONEY
April 25th, 2022
Streaming services that deliver online content, including gaming, videos and music, have opened new avenues for money launderers, including the ability of fraudsters to commit predicate offences, whose proceeds are hidden and moved.
The problem is exacerbated by the growing popularity of streaming – according to US-based Grand View Research, the global video streaming market alone was worth USD50.11 billion in 2020, projected to grow at a compound annual growth rate (CAGR) of 21% from 2021 to 2028. (1)
There are also concerns that security controls put in ...
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