HOW MICROTRANSACTIONS AND IN-GAME CURRENCIES COULD BE USED TO LAUNDER MONEY

PC Gamer on 13th April carried an article containing an interview with a cyber security expert about the suspicion that enterprising criminals are turning to more innovative solutions, such as laundering money using massively multi-player games.  The expert says that even in a hugely popular game like World of Warcraft, the chances anyone is trying to launder a million dollars are next to none.  He also appears to think that the chance of a seemingly legitimate game website set up by criminals to launder through microtransactions is theoretically popular, but unlikely for reasons explained.

https://www.pcgamer.com/how-microtransactions-and-in-game-currencies-can-be-used-to-launder-money/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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