The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) are cracking down on scams known as credit card laundering or transaction laundering, according to The Wall Street Journal (WSJ). Such fraud occurs when individuals and companies have websites making them look like...
Agree or disagree with the Second Amendment, there’s nothing wrong with a website selling goods like hats and t-shirts to people who wish to wear their support on their sleeves. Or is there? Banks didn’t notice it at first, but on closer scrutiny, one particular...
September 01, 2017
Agree or disagree with the Second Amendment, there’s nothing wrong with a website selling goods like hats and t-shirts to people who wish to wear their support on their sleeves. Or is there? Banks didn’t notice it at first, but on closer scrutiny, one particular online merchant appeared to be selling such products but turned […]
April 17, 2023
A proposed consent decree will prohibit Nexway from providing credit card laundering for tech support scammers. The Federal Trade Commission (FTC) has filed proposed consent decrees in which the multinational payment processing company and its subsidiaries, an associated company, and two of its executives have agreed not to conduct payment laundering and to closely monitor […]
July 22, 2020
The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) are cracking down on scams known as credit card laundering or transaction laundering, according to The Wall Street...
