Services involving the issuance, storage, and management of electronic money, enabling digital payments and transactions without the use of physical currency. Typically offered by specialized providers authorized to handle e-money issuance and payment facilitation.
Main/
E-money Services
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Code
PS0098
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Name
E-money Services
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Version
1.0
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Category
Payment, Transfer & Remittance Services
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Created
2025-03-14
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Modified
2025-04-02
Related Techniques
- Offshore e-money issuers often have minimal compliance regimes, allowing criminals to register accounts without robust identity checks.
- Repeated, low-value top-ups help obscure illicit origins and circumvent transaction monitoring.
- Funds can then be transferred, spent, or withdrawn cross-border with limited scrutiny, facilitating layering and eventual integration.