A type of brokerage account provided by firms that allows individuals to execute securities trades through an online trading platform.
Main/
Online Brokerage Accounts
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Code
PS0057
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Name
Online Brokerage Accounts
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Version
1.0
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Category
Wealth & Investment
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Created
2025-03-14
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Modified
2025-04-02
Related Techniques
- Criminals log in from various public WiFi connections to trade securities anonymously, avoiding conventional IP-based AML triggers.
- Frequent sessions from shared hotspots frustrate pattern analysis, concealing suspicious trades and beneficial ownership ties.
- Remote or simplified onboarding processes enable criminals to create multiple accounts under aliases or fictitious names.
- Swift toggling of account permissions and beneficial owners online conceals the true parties behind trades and holdings.
- Easily opened online accounts allow criminals to engage in high-frequency or layered trades that obscure manipulative patterns.
- False rumors or misleading 'research' can be disseminated to spur buying sprees, letting perpetrators exit large positions undetected at peak prices.
- Offer remote account setup and electronic trading features, enabling rapid purchase or sale of shares without in-person oversight.
- Allow criminals to maintain multiple or nominee accounts to perform coordinated trades, artificially inflating or deflating stock prices.
- Provide convenient, remote access for rapid securities trading, enabling perpetrators to enter matched orders across multiple accounts under different credentials.
- High-frequency self-dealing trades can simulate legitimate market activity, facilitating integration or layering of criminal funds without raising immediate red flags.
- Facilitate rapid, multi-jurisdictional offsetting trades under different account identities with minimal direct oversight.
- Allow mirrored orders to be placed in near real-time, enabling swift layering of illicit proceeds through securities transactions.
- Provide remote access to place quick matched buy and sell orders across multiple devices or accounts.
- The speed and convenience of online trading allow criminals to layer illicit funds seamlessly, generating the appearance of legitimate activity in real time.