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Fake Online Stores Used to Disguise Online Gambling Payments

Written by:

Guest

Published on:

Jun/22/2017

Fake Online Stores Used to Disguise Online Gambling Payments

An investigation by Reuters revewls that online dummy stores are being used to disguise payments for the $40bn global online gambling industry.

The seven sites, operated out of Europe, purport to sell items including fabric, DVD cases, maps, gift wrap, mechanical tape, pin badges and flags.

These online storefronts were determined to be fakes.

That strategy is called "transaction laundering" - when one online merchant processes payment card transactions on behalf of another, which can help disguise the true nature of payments. Read More and Watch Below

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