The report focuses on the themes of live-streamed sexual abuse of children (LSAC) and financial sexual extortion of children.
Key indicators of transactions linked to exploitation include:
➡️ Significant age differences between remitters and receivers;
➡️ Payments made to receivers in other jurisdictions where the remitter does not seem to have a legitimate connection;
➡️ Transaction descriptions of subsistence or medical costs;
➡️ Accounts or customers that have a high volume of transactions to social media sites; and
➡️ Transactions linked to an individual on a public sex offenders registry.
✅ Firms should ensure their transaction monitoring systems are effective, incorporating the key indicators set out in the report.
AML/CTF/CPF
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