The Evolution of Prepaid Instruments from Gift Cards to Virtual Money Laundering in a Global Theatre (Event Resources)

In this presentation, the presenters discuss the early history of prepaid cards and the importance of understanding the ecosystem of payment cards. They also cover how payment cards operate globally, both from a practitioner’s perspective and that of the law enforcement and prosecution associated with disrupting anti-money laundering activities and combating the financing of terrorism. The presenters discuss the transaction flow of funds across a representative payment system platform and identify the players that empower this movement of funds, and the role each plays.