Criminals are devising new tactics during the COVID-19 pandemic, says Debra Geister, CEO of Section 2 Financial Intelligence Solutions. Until recently, fraudsters often laundered funds through restaurants, convenience stores and other cash-based businesses, Geister says. We’re seeing cryptocurrency becoming a much bigger factor in how these hybrid threat groups launder funds. We’re also seeing PPE become kind of a new currency Geister also discusses: The threats posed by organized criminal syndicates and how to mitigate the risks.”]
Source: https://www.govinfosecurity.com/how-criminals-are-using-ppe-as-money-laundering-tool-a-14698