Pig Butchering

A type of scam where fraudsters manipulate victims into making investments in fake or fraudulent schemes, often by building a sense of trust and then gradually encouraging larger investments. The term refers to the way scammers “fatten up” their victims by gaining their confidence and getting them to invest more before ultimately stealing the accumulated funds. This scam is increasingly relevant in the context of AML as it often involves laundering the stolen money through various channels.

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