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How Transaction Laundering is made with eCommerce Sites
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92 Views • Dec 13, 2022 • Click to toggle off description
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What is transaction laundering?

Transaction Laundering is a financial crime occurs majorly in eCommerce. When a criminal offers something illegal for sale online under the guise of a legitimate and legal product.

Here is an Example:
Let’s say a criminal has a website selling books which is really just a cover-up as the criminal is actually selling weapons online on a separate website.

To make the weapon purchase appear legal, the criminal will route the payment through their book selling website.

The transaction goes through smoothly, and the laundered funds land into the criminals account, seemingly from a legitimate source.

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RYD date created : 2023-12-15T23:34:28.777032Z
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