AML Intelligence: US Homeland Security warns of increasing gift card fraud connected to Chinese organized crime groups

The fraud impacts retailers and consumers while also posing severe risks to national security and the economy, the agency reports. The HSI partnering with law enforcement and businesses to address this issue focusing on Chinese crime groups linked to various criminal activities.  They also warned that gift card fraud threatens public safety and national security by using sophisticated methods to siphon card values and fund illicit operations…