Mastercard and Visa accused of enabling payments for child sexual abuse content, report claims
CBSN
A whistleblower complaint filed with the U.S. Treasury Department's Financial Crimes Enforcement Unit, or FinCEN, alleges that Mastercard and Visa failed to stop their payment networks from laundering funds from child sexual abuse material and sex trafficking on OnlyFans, according to Reuters.
The complaint, which Reuters reports was filed by a senior financial compliance expert, claims that the payment giants were aware that their networks were used to pay for illegal content on OnlyFans, a social media platform where fans pay to follow individuals who post photos and videos of themselves. The whistleblower accused the companies of "turning a blind eye to flows of illicit revenue," according to Reuters.
In a statement to CBS MoneyWatch, FinCen said it doesn't comment on submissions to its whistleblower program, "including whether FinCEN has received submissions regarding a specific financial institution." A spokesperson added, "FinCEN also does not comment on investigations, including to confirm whether one exists."
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