Market Chatter: Visa, Mastercard Face Whistleblower Complaint Over Alleged Laundering of Proceeds From Sex Abuse Materials on OnlyFans

MT Newswires Live
01-24

Visa (V) and Mastercard (MA) are facing a whistleblower complaint, alleging the companies failed to stop the flow of illicit revenue from child sexual abuse material and sex trafficking on the OnlyFans platform within their payment networks, Reuters reported Friday.

According to the report, the whistleblower is a senior credit card and banking compliance expert. The complaint was filed in January 2023 with the US Justice and Homeland Security Department and the Treasury Department's Financial Crimes Enforcement Network or FinCEN.

In the complaint, the whistleblower said the companies turned a blind eye to the use of their payment networks for illegal content on OnlyFans even after they were notified of the matter in 2021 and 2022, Reuters reported.

Reuters said it reviewed an email confirming that FinCEN had received the whistleblower complaint.

Visa, Mastercard, FinCEN, and the US Justice and Homeland Security Department did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10