Remove Irrevocability Remove Law Enforcement Remove Romance Scams
article thumbnail

Will Real-Time Payments Increase Financial Crime in the USA?

FICO

Once a real-time payment is initiated it is typically irrevocable – it cannot simply be recalled, something that criminals take advantage of. The ability to move money through multiple accounts quickly, makes it difficult for law enforcement to track criminal proceeds. Money Laundering and the Rise of the Money Mule.