Methods of money laundering through video games<\/h2>\n\n1.- Sale of in-game accounts <\/strong><\/h4>\n\nTake, for example, the popular online game “Fortnite”<\/em>. Criminals use fraudulently acquired virtual currency to purchase in-game items, which are then sold along with the account at a reduced price through third-party websites. This method creates several layers of transactions that complicate tracing by authorities, leveraging the anonymity offered by the internet. Funds for these operations typically come from illegal activities such as the Dark Web<\/strong><\/em> or stolen bank data. <\/p>\n\n2.- Trading items on “Steam”<\/em> platforms<\/strong><\/h4>\n\n“Steam”, developed by Valve Corporation, is a digital distribution platform that hosts an active marketplace where video game items are bought and sold. For example, in the game “CSGO”, players can obtain decorative items through paid draws, which can then be traded. Cybercriminals use illegally obtained assets to acquire these items and then sell them at lower prices or buy low-value items at exorbitant prices to then sell them at the same price through another account, effectively “cleaning” the money in the process. <\/p>\n\n
This money laundering method has not only moved significant sums of money in the black market, estimated at 2 billion euros annually on “Steam” alone, but has also prompted a public response from the platform’s operators. According to statements by a “Steam” spokesperson, the company is actively collaborating with money laundering prevention organizations, such as ASEBLAC in Spain, to address these abuses. <\/p>\n\n
This analysis highlights the need for continuous vigilance and regulation in the digital sphere to prevent the exploitation of video game platforms for money laundering activities.<\/p>\n\n
How can we help you?<\/h2>\n\n
Currently, in our country, the regulatory context on this matter is articulated from Law 10\/2010, of April 28, on the prevention of money laundering and the financing of terrorism<\/a><\/strong>, which establishes a series of obligations for obliged entities to prevent illicit funds from entering the financial circuit and being used to facilitate the financing of terrorism.<\/p>\n\nThe Legal Area specializing in Money Laundering, Prevention, Defense, and Legal Services<\/strong><\/a> at IN DIEM Lawyers<\/strong> carries out its activity in all areas and sectors related to capital movements or operations.<\/p>\n\nOur expert team will study your case regardless of where you wish to establish your company. Contact us, we are available 24 hours a day, any day of the week, without obligation. <\/p>\n\n
What are our services?<\/strong><\/p>\n\n\n- Risk Assessment Report<\/li>\n\n\n\n
- Customized Money Laundering Prevention System Design<\/li>\n\n\n\n
- Training and Advice for companies, individuals, and obliged entities<\/li>\n\n\n\n
- Administrative or criminal defense<\/li>\n<\/ul>\n\n
We guarantee the best possible outcome, whatever your case.<\/p>\n\n
\n- <\/strong>Personalized and professional attention<\/li>\n\n\n\n
- <\/strong>Assistance throughout the judicial process<\/li>\n\n\n\n
- <\/strong>24-hour contact with your expert criminal lawyer <\/li>\n\n\n\n
- <\/strong>Absolute confidentiality<\/li>\n<\/ul>\n\n
Authors: Carlos Arag\u00f3n del R\u00edo <\/strong><\/p>\n\nExpert Lawyers in Money Laundering Advice, Prevention, and Defense: Malaga, Marbella, Seville, Madrid, Las Palmas de Gran Canaria, Almeria, Huelva…<\/strong><\/h4>\n\nFurthermore, IN DIEM Lawyers<\/strong> has extensive experience and a high degree of specialization in Money Laundering, Prevention, Defense, and Legal Services<\/strong><\/a>, offering advice in all areas and sectors related to capital movements or operations.<\/p>\n\nIN DIEM Lawyers<\/strong> has a team with experience in previous roles such as Magistrate-Judge, State Attorney, Prosecutor, or University Professor<\/strong>, which will provide you with peace of mind and security, by having the best, competitive, and highly prepared team to achieve your objectives and meet your needs.<\/p>\n\nWe are at your disposal for whatever you need. You can reach us via the IN DIEM Lawyers Phone (+34) 901 900 071<\/strong> or by email at info@in-diem.com<\/strong> <\/p>\n\nDid you know that IN DIEM Lawyers offers online and urgent services?<\/strong><\/h4>\n\nWe offer our clients the possibility of being assisted via video call or video conference, as well as by phone, according to our clients’ preference, ensuring the most personal assistance, with absolute immediacy, without the need for travel. This service is complemented by email communication, which facilitates the analysis and delivery of documentation. <\/p>\n\n
Likewise, we provide urgent and 24-hour services for our companies, handling national and international contracting operations.<\/p>\n\n
For more information on the Online Legal Advisory Service HERE<\/a><\/strong>, and for the 24-hour and Urgent Service, HERE<\/a><\/strong>.<\/p>\n<\/div><\/div><\/div><\/div><\/p>\n\n\n\n![\"\"](\"https:\/\/www.in-diem.com\/wp-content\/uploads\/2020\/03\/Asesoramiento-ON-LINE-Abogados-IN-DIEM-Videoconferencia-Telefono-916353892-1024x576.jpg\")
Online Legal Advice<\/figcaption><\/figure>\n\n\n\n![\"24-hour](\"https:\/\/www.in-diem.com\/wp-content\/uploads\/2018\/09\/Abogado-24-horas-Urgente-IN-DIEM-Sevilla-Malaga-Huelva-Madrid-Las-Palmas-Dos-Hermanas-Mairena-Coria-de-Rio-2b-1024x465.jpg\")
24-hour and Urgent Legal Service <\/figcaption><\/figure>\n<\/figure>\n<\/div><\/div>\n<\/div><\/div><\/div><\/div><\/p>\n\nWould you like to know more about IN Diem Lawyers? Here’s a brief presentation video… <\/h4>\n
Take, for example, the popular online game “Fortnite”<\/em>. Criminals use fraudulently acquired virtual currency to purchase in-game items, which are then sold along with the account at a reduced price through third-party websites. This method creates several layers of transactions that complicate tracing by authorities, leveraging the anonymity offered by the internet. Funds for these operations typically come from illegal activities such as the Dark Web<\/strong><\/em> or stolen bank data. <\/p>\n\n “Steam”, developed by Valve Corporation, is a digital distribution platform that hosts an active marketplace where video game items are bought and sold. For example, in the game “CSGO”, players can obtain decorative items through paid draws, which can then be traded. Cybercriminals use illegally obtained assets to acquire these items and then sell them at lower prices or buy low-value items at exorbitant prices to then sell them at the same price through another account, effectively “cleaning” the money in the process. <\/p>\n\n This money laundering method has not only moved significant sums of money in the black market, estimated at 2 billion euros annually on “Steam” alone, but has also prompted a public response from the platform’s operators. According to statements by a “Steam” spokesperson, the company is actively collaborating with money laundering prevention organizations, such as ASEBLAC in Spain, to address these abuses. <\/p>\n\n This analysis highlights the need for continuous vigilance and regulation in the digital sphere to prevent the exploitation of video game platforms for money laundering activities.<\/p>\n\n Currently, in our country, the regulatory context on this matter is articulated from Law 10\/2010, of April 28, on the prevention of money laundering and the financing of terrorism<\/a><\/strong>, which establishes a series of obligations for obliged entities to prevent illicit funds from entering the financial circuit and being used to facilitate the financing of terrorism.<\/p>\n\n The Legal Area specializing in Money Laundering, Prevention, Defense, and Legal Services<\/strong><\/a> at IN DIEM Lawyers<\/strong> carries out its activity in all areas and sectors related to capital movements or operations.<\/p>\n\n Our expert team will study your case regardless of where you wish to establish your company. Contact us, we are available 24 hours a day, any day of the week, without obligation. <\/p>\n\n What are our services?<\/strong><\/p>\n\n We guarantee the best possible outcome, whatever your case.<\/p>\n\n Authors: Carlos Arag\u00f3n del R\u00edo <\/strong><\/p>\n\n Furthermore, IN DIEM Lawyers<\/strong> has extensive experience and a high degree of specialization in Money Laundering, Prevention, Defense, and Legal Services<\/strong><\/a>, offering advice in all areas and sectors related to capital movements or operations.<\/p>\n\n IN DIEM Lawyers<\/strong> has a team with experience in previous roles such as Magistrate-Judge, State Attorney, Prosecutor, or University Professor<\/strong>, which will provide you with peace of mind and security, by having the best, competitive, and highly prepared team to achieve your objectives and meet your needs.<\/p>\n\n We are at your disposal for whatever you need. You can reach us via the IN DIEM Lawyers Phone (+34) 901 900 071<\/strong> or by email at info@in-diem.com<\/strong> <\/p>\n\n We offer our clients the possibility of being assisted via video call or video conference, as well as by phone, according to our clients’ preference, ensuring the most personal assistance, with absolute immediacy, without the need for travel. This service is complemented by email communication, which facilitates the analysis and delivery of documentation. <\/p>\n\n Likewise, we provide urgent and 24-hour services for our companies, handling national and international contracting operations.<\/p>\n\n For more information on the Online Legal Advisory Service HERE<\/a><\/strong>, and for the 24-hour and Urgent Service, HERE<\/a><\/strong>.<\/p>\n2.- Trading items on “Steam”<\/em> platforms<\/strong><\/h4>\n\n
How can we help you?<\/h2>\n\n
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Expert Lawyers in Money Laundering Advice, Prevention, and Defense: Malaga, Marbella, Seville, Madrid, Las Palmas de Gran Canaria, Almeria, Huelva…<\/strong><\/h4>\n\n
Did you know that IN DIEM Lawyers offers online and urgent services?<\/strong><\/h4>\n\n
Would you like to know more about IN Diem Lawyers? Here’s a brief presentation video… <\/h4>\n