Video: The Money Laundering Risks of E-Commerce
Alleged criminals have identified the potential for laundering funds through e-commerce. After all, why would a money launderer hassle with the physical transport of ill-gotten gains or risk dealing with financial institutions with savvy detection capabilities when laundering money can be done with a few clicks of a computer in an environment that may not always be vigilant in detecting fraud? Proactively addressing the risks of money laundering is the best way for e-commerce companies to forestall regulations and, just as importantly, protect their own company names from being in the headlines.
Read about these risks and what companies can do to protect themselves in our whitepaper – Clean Money is a Click Away: The Money Laundering Risks of E-Commerce.