United States Department of the Treasury Investigates Mastercard and Visa for Enabling Child Sexual Abuse Payments
United States Department of the Treasury has initiated a serious inquiry into Mastercard and Visa following alarming allegations of enabling payments for child sexual abuse material and sex trafficking.
Whistleblower Allegations
A whistleblower complaint filed with the U.S. Treasury Department's Financial Crimes Enforcement Unit, or FinCEN, suggests that these financial giants turned a blind eye, allowing their platforms to be exploited for suspicious transactions linked to illegal activities on OnlyFans.
Corporate Accountability and Compliance
- Mastercard and Visa reportedly had knowledge of unlawful payments.
- The whistleblower was a senior expert in financial compliance.
- Compliance regulations may not have been adequately followed.
This investigation highlights the critical need for financial institutions to remain vigilant in detecting and preventing illegal transactions within their networks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.