Unveiling the Shadow Play: Credit Cards & Money Laundering Risks

In this video, we delve into the world of finance, spotlighting the significant risks of money laundering associated with credit cards. Discover the five key ways in which criminals exploit credit card systems for their illicit activities. Learn how transaction layering, structuring payments, digital currency conversion, high-value goods purchases, and shell company transactions pose risks and how financial institutions combat these threats. Join us in understanding the critical measures banks take to prevent money laundering through credit cards. Let's unravel the secrets behind this financial cloak-and-dagger!