Adult webcam platform paid $2.6m into controversial influencer Tristan Tate’s bank account, leaked documents show

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Illicit Finance


Banking experts told ICIJ that accounts involving the pornography industry are considered high risk and warrant additional scrutiny. “These transactions should have definitely raised a red flag and the account treated as higher risk with enhanced monitoring,” said Kathryn Westmore, a senior research fellow at the Centre for Financial Crime and Security at RUSI, a think tank in London. “The fact that the transactions are related to an adult webcam company should almost certainly have prompted further investigation into the source of the funds to ascertain whether any of the funds have been generated from illegal activities or illicit content.” She added: “For many banks, an account like this will be far outside their risk appetite and I suspect they’d want to exit the account as quickly as possible.”