“Following the Money: How Human Traffickers Exploit U.S. Financial Markets.”
https://advisornews.com/oarticle/following-the-money-how-human-traffickers-exploit-u-s-financial-markets#.XHKz3vZFyM8
"I was asked to provide the committee with an assessment as to how financial institutions monitor, review and verify depository relations with payment processors. I would like to begin by identifying the scope of these relationships.
Financial institutions may directly facilitate outside payment processing through several channels, including:
. Engaging a third party to process payment card transactions.
. Engaging a third party to process Automated Clearing House ("ACH") transactions.
. Maintaining accounts for money service businesses that facilitate payment card transactions, ACH transactions, wire transfers, e-checks, or remote deposits.
. Maintaining accounts for money service businesses that facilitate alternative payments, such as gift card redemptions or cryptocurrency.
Financial institutions may indirectly facilitate outside payment processing by associating with other financial institutions that are engaged in these activities."