An investigation and expose into the internet banking business and why major brick & mortar banks will all join this revolution. The problems they will cause consumers and the illegalities they have spawned. Discover how the online banks are being used by the worlds criminal element to launder and distribute money at will.
Little more than one decade has passed since the first major national bank started to offer to its customers the opportunity to do banking online. The best intentions of an industry to offer expedient service has created for criminals the most lucrative market for their enterprises. Using online accounts and by the simple expedient of "selling" a commodity which does not exist the limit on money transfer out of the country has now made laundering dirty money easier than printing this chapter.