By: Greg Baxley, Marketing Coordinator

 

Australian Acquirer Discovers Threats Following Assessment

An Australian acquiring bank found a merchant in their portfolio that was enabling transactions for anabolic steroids. The bank quickly discovered the violator was merely one component of an entire international online steroid ring.

 

Using Transaction Laundering Detection, the acquirer identified that the violating merchant was operating as a “front” site processing payments for another store, found to be blatantly marketing injectable steroids, HGH and peptides, and other illegal performance enhancing drugs. A clear violation of the merchant agreement, palpable brand damaging activity and brazen criminal misconduct. Further inspection determined that this was only the tip of the iceberg.

 

What Does the US, Canada, Germany, South Africa, Australia and New Zealand Have in Common?

The criminal enterprise was in fact part of a global syndicate, distributing illegal performance enhancing drugs across borders using pods of websites and shipping from six different countries.

 

 

Download the case study An Online Steroid Ring to learn more about this intriguing example of the lengths criminals will go to perpetuate fraud. For more information on combatting the growing threat of transaction laundering, download the solution brief An Organizational Framework for Transaction Laundering Detection.