Child-porn industry using web-based system to move funds

Posted by Kendall Harmon

Authorities are banding together ever more closely with the financial sector and Internet providers in hopes of disrupting the multibillion-dollar global child-pornography trade.

These concerted efforts come as the child-porn industry has shifted in the last five years to a more anonymous, web-based system for moving funds, according to law-enforcement officials, technology specialists and money-laundering experts.

To root out the companies that supply an estimated $20 billion annual global child-porn market, the Financial Coalition Against Child Pornography -- comprised of Internet service providers, financial heavyweights and technology companies -- is working closely with law-enforcement agencies in the United States and around the world.

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Filed under: * Culture-WatchBlogging & the InternetChildrenPornography* Economics, PoliticsEconomyCorporations/Corporate Life

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Posted June 14, 2010 at 1:11 pm

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