Are the financial transactions conducted inside virtual environments truly anonymous? An experimental research from an Australian perspective.

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dc.contributor.authorIrwin, Angela S. M.
dc.contributor.authorSlay, Jill
dc.contributor.authorChoo, Raymond K.-K.
dc.contributor.authorLiu, Lin
dc.date.accessioned2012-11-23T12:00:20Z
dc.date.available2012-11-23T12:00:20Z
dc.date.issued2012
dc.description.abstractThis paper examines the identity and payment method verification procedures implemented by a number of popular massively multiplayer online games (MMOGs) and online financial service providers (OFSPs) to determine if the systems they currently have in place are sufficient to uncover the identities of those who may wish to use such environments to conduct money laundering or terrorism financing activity. The paper also investigates whether the payment instruments or methods used by account holders to place funds into their account(s) hinder or assist investigators to expose the real-world identity of the account holder. The paper then discusses whether it is feasible and/or desirable to introduce know your customer (KYC) and customer due diligence (CDD) legislation into virtual environments and illustrates an effective KYC approach which may assist MMOGs and OFSPs to correctly identify their account holders, should legislation be put in place.en_US
dc.identifier.citationIrwin, A. S. M., Slay, J., Choo, R. K.-K., & Liu, L. (2012). Are the financial transactions conducted inside virtual environments truly anonymous? An experimental research from an Australian perspective. Journal of Money Laundering Control.en_US
dc.identifier.issn1368-5201
dc.identifier.urihttp://hdl.handle.net/10628/351
dc.language.isoenen_US
dc.publisherEmeralden_US
dc.subjectElectronic funds transfers - Security measuresen_US
dc.subjectOnline financial transactionsen_US
dc.subjectMoney laundering - Preventionen_US
dc.subjectTerrorism financingen_US
dc.subjectKnow Your Customer - Law and legislationen_US
dc.subjectKYC - Law and legislationen_US
dc.subjectCustomer due diligence - Law and legislationen_US
dc.subjectCDD - Law and legislationen_US
dc.subjectOnline Financial Service Provisionen_US
dc.subjectOFSPen_US
dc.subjectMassively Multiplayer Online Gamesen_US
dc.subjectMMOGen_US
dc.titleAre the financial transactions conducted inside virtual environments truly anonymous? An experimental research from an Australian perspective.en_US
dc.typePreprinten_US

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