Blog Category: Transaction Laundering

How to Spot an IPTV Laundering Scheme

Your nondescript web hosting merchant may be harboring pirates. G2 analysts have discovered a trend where illegal internet protocol television (IPTV) vendors launder transactions through seemingly benign web hosting shops. Bad actors stealthily avoid detection from merchant acquirers by funneling transactions through a ubiquitous enterprise like web hosting. Take the case below. The first image… read more

Post Date: Posted on August 24, 2023August 24, 2023 Post Categories: Merchant Monitoring, Money Laundering, Transaction Laundering

Rise in Transaction Laundering Hate Groups

Tensions in America rise as the pandemic-fueled economic recession sweeps the nation. Hate groups are among many bad actors who are taking advantage of the current social and political turmoil by peddling violence, misinformation, and fraudulent products online. According to the Southern Poverty Law Center, nearly 1,000 hate groups were located in the United States… read more

Post Date: Posted on September 10, 2020April 20, 2021 Post Categories: Hate Groups, Merchant Fraud, Transaction Laundering

Regulators Target Transaction Laundering Operations

With the continued growth of e-commerce, transaction laundering – a scheme in which an entity hides transactions for illicit goods and services through the use of a seemingly-unrelated merchant account – is on the rise. The payments industry has been aware of transaction laundering for years, and G2 (via our Transaction Laundering Detection Solution) has… read more

Post Date: Posted on June 27, 2019February 14, 2020 Post Categories: Fraudulent Credit Card Processing, Merchant Boarding, Transaction Laundering

Transaction Laundering and Negative Option Scams

The war against transaction laundering continues! The latest battle involves “negative option” sales, where a seller treats a consumer’s silence (that is, their failure to reject an offer) as consent to be charged for goods and services. See 16 C.F.R. § 310.2(w). Where a seller fails to meet federally-mandated disclosure, consent, and cancellation requirements, negative… read more

Post Date: Posted on June 12, 2019February 14, 2020 Post Categories: Merchant Risk, Negative Option Marketing, Transaction Laundering

Social Media Inadvertently Drives Illegal Online Drug Sales

Instagram, the social media giant that now boasts 1 billion users, has inadvertently allowed the advertisement of illegal…

Post Date: Posted on October 3, 2018February 26, 2020 Post Categories: Blog, Illegal Drugs, Transaction Laundering

Transaction Laundering: The India Ring Investigation

The introduction of smartphone technology, 4G networks and a sudden rise in capital has transformed India’s online market. The convenience and availability of ecommerce has sparked awareness from…

Post Date: Posted on July 26, 2018June 11, 2021 Post Categories: High-risk Merchants, Transaction Laundering

A Powerful Alliance Against Transaction Laundering

G2 Web Services and Aperia announced a collaborative integration program to help detect transaction laundering quicker and more…

Post Date: Posted on April 17, 2018June 11, 2021 Post Categories: High-risk Merchants, Merchant Boarding, Transaction Laundering

5 Useful Transaction Laundering Resources

Just who is responsible for the illegal transactions that are being processed daily? How exactly do these launderers operate? What are some of the most common…

Post Date: Posted on November 14, 2017August 10, 2021 Post Categories: Illegal Drugs, Online Gambling, Transaction Laundering

What Online Marketplaces Mean for Payment Players

Online marketplaces have become primary touchpoints for e-commerce transactions. But, before we delve into these advanced shopping mediums, let’s look at…

Post Date: Posted on October 5, 2017August 25, 2021 Post Categories: Online Marketplaces, Transaction Laundering

Transaction Laundering: Neo-Nazi Front

In the wake of recent events, many payment companies are eager to validate that they are not, directly or indirectly, facilitating dangerous hate groups engaged in illegal activities. Others may seek to distance their brands from hate speech, however legal. The latest risk…

Post Date: Posted on September 5, 2017September 7, 2021 Post Categories: Prohibited Content, Transaction Laundering