💨 Abstract

A whistleblower has accused Mastercard and Visa of failing to stop their payment networks from laundering proceeds from child sexual abuse material and sex trafficking on OnlyFans. The senior compliance expert in the credit card and banking industries claims the card companies knew their networks were being used for illegal content on the adult-content site since at least 2021, and accused them of "turning a blind eye to flows of illicit revenue."

Courtesy: theprint.in

Summarized by Einstein Beta 🤖