HP Threat Research Blog How Digital Payment Systems Like PayPal Are Used for Money Laundering | Part 3

Digital currency is used for micro money laundering.

March 21, 2018 Category: Into the Web of Profit, Uncategorized By: Jennifer Carole Comments: 0

How Digital Payment Systems Like PayPal Are Used for Money Laundering | Part 3

  • Covert data collection found that PayPal and other digital payment systems are employed by cybercriminals to launder money
  • Digital payment systems laundering often involves the use of micro-laundering techniques where multiple, small payments are made so laundering limits aren’t triggered
  • The financial industry is looking at digital payment methods and how that might impact global banking.

In April of 2017, we started an independent, academic study into the ma