Mobile Money Operator

They provide app-based remittance or payment services, often with weak KYC controls. Criminals exploit these quick onboarding processes to funnel proceeds across borders without significant oversight by mainstream financial institutions.

Criminals register for mobile money or e-wallet services using anonymized IP addresses, bypassing geographic and device-level checks. By rapidly rotating between various exit nodes or proxy servers, they confuse automated risk engines, enabling cross-border transfers that remain difficult for financial institutions to trace or link to specific users.

Mobile money operators offer app-based payment services and often function as non-bank financial entities. Criminals exploit these platforms' rapid onboarding and inconsistent AML controls across different jurisdictions to conduct repeated micro-transactions that obscure the money trail. These fragmented and cross-border transfers challenge financial institutions by making it more difficult to detect suspicious transaction patterns and verify user identities.