Money-Laundering Practices in the Online Scam Industry

Jingjing works at a third-party payment company in Sihanoukville, known as a ‘gateway’ in the money-laundering industry. The company matches buyers and sellers for transactions involving moving money between accounts. The term ‘moving bricks’ refers to this type of transaction, which helps cyber-scam companies launder money. The sector is complex, involving various activities like money laundering, personal information buying/selling, and software development. Gateways like Company P facilitate transactions through encrypted public Telegram groups, acting as channels for information and funds. They also serve as arbitrators, guaranteeing transactions and resolving disputes between scam operators and motorcades worldwide.

https://globalchinapulse.net/moving-bricks-money-laundering-practices-in-the-online-scam-industry/

To top