Stored Value and Prepaid Card Services

• Criminals load numerous prepaid cards with small amounts, collectively exceeding reporting thresholds if aggregated.
• Cards can then be spent or cashed out across different locations, complicating the tracing of overall sums.

• Criminals load illicit proceeds onto prepaid cards and deposit them into online gambling accounts in structured, low-value increments.
• These cards circumvent stricter banking controls while offering anonymity if KYC is minimal, making it harder to trace ultimate beneficiaries.
• Subsequent withdrawals from gambling platforms appear as legitimate refunds or winnings, blurring the origin of the funds further.

Remote loading portals often accept name-on-card values that aren’t verified against civil registries, enabling alias cards to become conduits for cash-in and retail spend.

• Criminals load prepaid cards or stored-value accounts with illicit proceeds, misrepresenting them as personal gifts or philanthropic remittances.
• They take advantage of minimal KYC requirements and cross-border usability to obscure the true source of funds.
• Gift letters or other plausible documentation mirror legitimate remittance scenarios, reducing AML scrutiny.

• Acquire or load prepaid cards in high-risk jurisdictions where weak KYC requirements enable anonymous or minimally verified fund deposits.
• Redeem or withdraw these cards across different countries, masking the origin of illicit proceeds and exploiting regulatory gaps.

• Criminals obtain offshore-issued prepaid cards under minimal or falsified identification, exploiting weak KYC controls.
• They repeatedly load illicit funds in small amounts to evade reporting thresholds, enabling layering through seemingly innocuous transactions.
• The cards can be used internationally, blending illicit transfers with legitimate expenditures and complicating AML monitoring.

• Illicit gambling proceeds are loaded onto prepaid cards labeled as legitimate payouts, enabling swift cross-border movement of funds.
• These cards offer anonymity and limited traceability, supporting ongoing layering and integration of criminal capital.

• Criminals load prepaid cards with sums exceeding normal spending patterns, effectively ‘parking’ illicit funds.
• They then withdraw or transfer these balances in smaller increments or request refunds, creating the impression of standard card usage.
• This rapid loading and partial redemption cycle obscures the true origin of the funds.

• Loyalty points can function similarly to stored value instruments, enabling minimal AML scrutiny when loading illicit funds.
• Large point balances accumulate without traditional transaction monitoring or thresholds, obscuring the origin and movement of funds.
• The ability to redeem points rapidly for near-cash value or goods, combined with cross-platform transfers, facilitates layering and reduces transparency.

• Criminals can use reloadable prepaid cards with minimal verification, concealing their identities and moving funds with limited traceability.
• The ability to conduct international transactions outside standard banking oversight supports undetected layering and placement.

• Criminals instruct mules to acquire prepaid cards or use existing ones, loading them with illicit proceeds in small increments.
• Limited KYC requirements on some prepaid products reduce transparency, aiding in layering.
• The rapid transfer or cash-out of stored values further distances funds from criminal origins.

• Many government agencies disburse unemployment benefits onto prepaid cards, allowing quick access to funds with minimal upfront verification.
• Criminals can obtain multiple cards under fabricated identities, enabling easy cash withdrawal and layering across various jurisdictions.