Transaction Laundering’s Newest Art Form

The good news is that risk and compliance solutions work. The bad news is that, in response, criminals have taken the payments path of least resistance, shifting into systems with less oversight and more anonymity.“Transaction laundering is mutating,” said Dan Frechtling, CPO at G2 Web Services, in a recent interview with PYMNTS’ Karen Webster. G2 Web Services provides merchant risk intelligence solutions for acquirers, commercial banks and their value chain partners.