Types of Corporate Fraud / Compliance Threats

Money

Laundering

Money laundering refers to the creation of several fake accounts in order to process illegitimate transactions, which can include cash deposits, transfers and withdrawals. The origins of the money is concealed and made to appear to have been received from a single recipient.

See Relevant Scenario See OVO Case Study

Terrorist

Financing

Terrorist financing refers to the creation of several fake accounts in order to process illegitimate transactions for the purpose of terrorist activity.

See Relevant Scenario See OVO Case Study

Regulatory Non-compliance

Regulatory non-compliance refers to the failure to comply with certain regulations or laws. This occurs when there are limits in place for the number of accounts created at a certain website, but fraudsters violate these limits by creating fake accounts or using tools to create accounts with different identities.

See Relevant Scenario See OVO Case Study