Source: United States & Canada – South China Morning PostGift cards, one of the most basic financial products in the US retail market, have become the backbone of a billion-dollar criminal economy that investigators say is moving American money into China.
Homeland Security Investigations agents say Chinese organised-crime groups have built a laundering network that uses US retailers, mobile wallets and cryptocurrency to steal and export wealth.
Operatives inside the US drain compromised gift cards, buy high-value goods such as iPhones and laptops,…Read More