Young people are main targets of criminals for money laundering, indicates research with data from 30% of the largest banks in the world
Two million bank accounts were detected in money laundering schemes in 257 financial institutions from 21 countries, according to Biocatch, a digital fraud prevention company that serves 35% of the world’s largest financial institutions, including American Express, Barclays, Citi Ventures, HSBC and National Australia Bank. The information is from
The study reveals that criminals recruit mainly young people. In the United Kingdom, 65% of the holders of these accounts are under 30 years old. In Australia, young people receive $ 500 Australian to give access to their accounts.
The Nasdaq Global Global Crime Report indicates that US $ 3.1 trillion in illicit funds circulated through the global financial system by 2023. In the European Union, 90% of oranges accounts are linked to digital fraud.
In Brazil, Biocatch points to the need to expand data sharing between banks to combat money laundering. A recent standard that increased transactions via PIX transactions over R $ 5,000 monthly was revoked, frustrating the IRS and the Federal Police to combat money laundering through fintechs, as revealed to Sheet.
