The Russia-Ukraine War highlights the needs for extra attention to Know-Your-Customer (KYC) and Anti-Money Laundering (AML) processes. The volume of AML has increased with the addition of new financial activity restrictions to the group referred to in the media as “Russian Oligarchs.” Therefore, as the number of individuals blocked from financial transactions grows, so does […]
With evidence in hand that minors purchased weapons from online stores simply by using a prepaid card, California legislators have moved forward with legislation to put effective age verification in place. As purchases of prepaid cards are not restricted to adults, and are often given as birthday and other gifts, using a prepaid card […]
Field reporting from the Adult Entertainment Conferences XBIZ LA and AVN InterNext Aristotle Integrity recently attended XBIZ 2018 in West Hollywood and AVN InterNext 2018 in Las Vegas, two of the biggest business conferences for the Adult Entertainment market. Both conferences had a diverse range of attendees, including industry professionals from adult sites, payment processors, […]
Over the last decade, all major payments processors have created fraud strategies and associated services in an effort to offer real customer value to their merchants. Independent or standalone anti-fraud vendors are less prevalent, due to a raft of strategic acquisitions and partnerships offering even broader services. Traditionally, global products that may not have entered […]
A recent financial intelligence report by Europol states that the agency could be ramping up their iGaming investigations, particularly those based on the international iGaming hub of Malta. As part of an ongoing crackdown on Italian organized crime, property and six iGaming companies on the island were seized and their licensing revoked. The companies were […]
Fortunately, the compliance and identity verification measures in industries under tight compliance regulations have been effective in restricting terrorist financing. However, the impact of these enhanced regulations and compliance measures in the gaming and financial community may have been to send these individuals to other marketplaces like person-to-person or small retailer-to-consumer. About 12 years ago […]
Numerous attacks are believed, at least in part, to have been financed through multiple European businesses channels, such as blockchain/cryptocurrencies and pre-paid cards.