New Methods Reported for Money Laundering

A federal report said that money launderers were increasingly turning to such methods as online payment services and gift cards to move illicit funds.

The report said that casinos and banks remained among the most established means for laundering but added that the alternative ways were becoming more popular because they provided anonymity. The report ranked Los Angeles as third in asset seizures nationwide.

Agencies involved in compiling the report included the departments of Treasury, Justice and Homeland Security.