Re:Clubhouse Payments
by vishnugupta on Tuesday April 06, 2021 @12:16AM
(#26707901)
> When a company sets up a model where anyone could easily become a receiver of money and anyone could easily pay, they get into the AML world.
Yeah, it’s interesting how very few people know about the ways payment frauds take place.
An analogy I can think of is highways. A non trivial number of vehicles plying them are carrying illegal goods. Payments is similar, when you set up a path for money to flow between A and B the very first users to adopt that path are money launderers.
Yeah, it’s interesting how very few people know about the ways payment frauds take place.
An analogy I can think of is highways. A non trivial number of vehicles plying them are carrying illegal goods. Payments is similar, when you set up a path for money to flow between A and B the very first users to adopt that path are money launderers.