A service that enables customers to make purchases and withdraw cash using a debit card linked to their bank account, provided and managed by banks or financial institutions.
Main/
Debit Card Services
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Code
PS0107
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Name
Debit Card 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
- Criminals acquire debit cards by presenting alternate nationality documents, enabling funds access under different names.
- Frequent withdrawals and transfers add complexity to financial tracing efforts.
- Institutions face difficulty linking transactions to a single true identity.
- Mules use debit cards linked to personal or newly opened accounts to receive and withdraw criminal proceeds.
- Cash withdrawals and point-of-sale transactions quickly convert illicit deposits into everyday spending, evading centralized detection.
- Frequent small transactions make it harder for financial institutions to trace suspicious activity.