The problem is when someone spins up a scam account, gets a fraudulent payment, and then cashes it and shuts down the account. If they already have the money in cash, it may be impossible to prosecute.
Any fraud prevention is going to have to be privacy intrusive by it's nature.
The problem is when someone spins up a scam account, gets a fraudulent payment, and then cashes it and shuts down the account. If they already have the money in cash, it may be impossible to prosecute.
Any fraud prevention is going to have to be privacy intrusive by it's nature.