Criminal organizations are businesses too — and just like all businesses, they need to manage risk in order to succeed. The practice of producing multiple websites, obtaining multiple merchant accounts and holding transactions mitigates the risk of business disruption from account terminations. This exploitation of the payments system puts acquiring banks, ISOs, PSPs and payment facilitators at risk. For every site that is terminated as the result of illegal activity, dozens more continue their dual-purpose business model, with new violators entering the payments chain every day.
After receiving a card scheme assessment, an Australian bank enacted Transaction Laundering Detection and discovered an international steroids ring operating with multiple websites and merchant accounts. Download the case study to learn the full scope of the criminal enterprise and how the acquiring bank eradicated violating merchants from their portfolio.