Tinder’s Catfishing Craze Continues to Produce Money Laundering Mules

Catfishing, as a term, is not a hot and new strategy to score dates or romance on popular dating apps like Tinder, Bumble or Hinge. Could you imagine?

Rather, catfishing is a term that describes what happens when (mostly) middle aged and newly divorced adults engage with something as foreign as a dating app and then get used for criminal purposes. What used to involve a little bit of fear, a little bit of mystery and a whole lot of non-verbal signals — the old fashioned act of courting — is not possible in the virtual dating world. Non-verbal signals don’t exist and so some of us put too much weight on words and promises.

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Richard Paxton

CEO of the Alacer Group. Sharing the latest news in financial crimes and best practices that enable financial institutions to prevent money laundering.

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