Bank Fraud & Money Laundering

Bank Fraud & Money Laundering

Money laundering is a serious crime, and at CSGS, we're doing our part to encourage citizens to provide anonymous tips so that law enforcement can stop these criminals.

At Crime Stoppers Global Solutions (CSGS), we strive to help law enforcement officials worldwide stop these criminals who are using illegal means to obtain money or other assets held by a financial institution.

Money laundering is an $800 billion USD operation globally — every year.

At its core, money laundering is concealing of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses, to give the appearance that the money has come from a legitimate source.

Criminals use a variety of techniques to launder money, and online banking and cryptocurrency has made it a whole lot easier to transfer and withdraw money without being detected.