A “designer” or “synthetic” drug is a structural analog of a controlled substance that mimics the effects of the substance while avoiding classification as illegal. Synthetic copies of pharmaceuticals are common in erectile dysfunction, birth control and…
Transaction laundering runs off the notion of profit. Money is the driving force behind a criminal’s urge to sell illegal goods. To gain the most profit from his business, a criminal must be able to accept all types of payments, especially…
Often, innocent looking sites can harbor transaction laundering. At G2, each website in an acquiring bank’s portfolio is carefully assessed for suspicious activity — first through technology and second by the human eyes of our expert analysts. However, even merchants categorized at low risk can…
2017 is off to an interesting start for those in the compliance industry. On December 14, 2016 the Drug Enforcement Administration (DEA) announced that extracts of marijuana will soon be treated as a Schedule I controlled substance. The new code is…
Consumer card transactions overtook cash payments for the first time in 2016, according to Euromonitor. This was before India’s demonetization announcement, which pushes the needle further as the world’s second most…
India’s demonetization announcement is causing a shift away from cash and in favor of card and digital payments. Yet India is only the latest sign that card payments are growing globally. The decline of paper in favor of card payments creates opportunity and…
Fraud is a global. Violators are found on every continent and in every region. Because of this, G2 Web Services is working to make our content more accessible to…
Navigating the Future of the Digital Augmentation was the keynote address presented by Aric Dromi, futurologist and digital philosopher for Volvo Car Group, at the 2016 MasterCard Global Risk Leadership Conference in Split, Croatia last week. Aric explained that…
On August 30, 2016 the Administrator of the Drug Enforcement Administration (DEA) issued a notice of intent to schedule the opioids mitragynine and 7-hydroxymitragynine, which are the main active constituents of the plant Kratom, into the schedule l category. The agency stated this action is based on…
Being a Payment Facilitator (PF) can be challenging, from developing your platform and maintaining compliance, to funding investments and…
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