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Money laundering & movement

The movement of money relating to fraud is when the proceeds of crime from fraud, or money needed to fund fraudulent activity, is moved.

Money could be moved by virtual payment systems, which can obscure the payment trail for online criminal activities or when fraudsters buy stolen credit card or bank account details.

Fraudsters might also use electronic money exchangers and international transfer agents to move funds between different systems.

Hawala banking might be used for the non-electric transfer of funds.

Fraudsters may also use prepaid debit or credit cards or other prepaid cards and vouchers.

See also:
Money muling
False accounting fraud
Cheque overpayment fraud