http://www.davidajao.com/blog/2006/01/13/atm-cards-being-used-for-money-laundering/ Personal blog of an Internet Entrepreneur & Technology Enthusiast Fri, 30 Jul 2010 20:48:17 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.davidajao.com/blog/2006/01/13/atm-cards-being-used-for-money-laundering/#comment-56  Oluniyi David Ajao » e-gold going down? from Texas, United States Wed, 18 Jan 2006 20:24:49 +0000 http://www.davidajao.com/blog/index.php/2006/01/13/atm-cards-being-used-for-money-laundering/#comment-56 [...] Just recently, I wrote about “ATM Cards Being Used for Money Laundering” and expressed my fears about the US government cancelling the issuance of anonymous ATM cards, due to its abuse by money launderers. The same scenerio could be unfolding with e-gold. The sad thing is, as I said earlier, In most African countries, credit/debit cards are not commonplace. Thus, the few enlightened ones who need to use one of the global payment networks widely accepted on the Internet (promonently MasterCard and Visa) need to do so via third parties. Though some of these ‘cards’ are virtual, some are physical and can be used to withdraw funds at any of the Visa or MasterCard branded ATMs, worldwide. [...] [...] Just recently, I wrote about “ATM Cards Being Used for Money Laundering” and expressed my fears about the US government cancelling the issuance of anonymous ATM cards, due to its abuse by money launderers. The same scenerio could be unfolding with e-gold. The sad thing is, as I said earlier, In most African countries, credit/debit cards are not commonplace. Thus, the few enlightened ones who need to use one of the global payment networks widely accepted on the Internet (promonently MasterCard and Visa) need to do so via third parties. Though some of these ‘cards’ are virtual, some are physical and can be used to withdraw funds at any of the Visa or MasterCard branded ATMs, worldwide. [...]

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