this probably relates to the philipinnes investigation the role of the local recipient banks in facilitating these payments. unfortunately it will just move the payments to grey transfers via intermediary cash wallets and crypto.
I suspect the Australian authorities ( or other international party) communicated the bank account numbers to the relevant parties in the Philippines once they raised suspicions and a stop order to the sending banks in Australia.
this is a global issue.
I hope ISX do not provide top up services to the various international cash wallets as this will be funding these deplorable services.
it's a game of whack a mole unfortunately .... KYCC needs to be more stringently applied ( know your customers customer)
ISX Price at posting:
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