Using Emojis and Geo-Location in Your Financial Investigations
/Think emojis are used only for personal text messages from Gen-Yers? Think again. According to Wale Ayantoye, emojis within payment apps could help you spot drug deals, gambling transactions, prostitution and fraudulent business trips.
Ayantoye is a Global Sanctions Consultant at Square Inc. and shared his experience of using data from emojis combined with geo-location to catch illegal activities by savvy fraudsters. “It’s more of a cat and mouse — we are thinking how are we going to catch up with them and they are thinking how are they going to evade our programs,” said Ayantoye. “For any compliance or fraud program, you need access to all of the information you can get.”
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