How Foreign Scammers Use U.S. Banks to Fleece Americans
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Reporting Highlights
Struggling Gatekeepers: In the face of some $44 billion a year in pig-butchering scams conducted by Asian crime syndicates, U.S. banks have failed to prevent mass scale money laundering.
Black Market Bank Accounts: Chinese-language Telegram channels offer to rent U.S. bank accounts to pig-butchering scammers, who use the accounts to mov...
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