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Virtual Economies Vulnerable to ‘Gold Farming’, Financial Crime: Author
printWhile the popularity of virtual worlds has grown in recent years, lawmakers and regulators have been slow to address related vulnerabilities to financial crime, according to Dr. Clare Chambers-Jones, an associate professor in banking and finance law at the University of West England Bristol Law School. In massively multiplayer online games (MMOGs), like popular Web site Second Life, users can receive real pay for virtual jobs in an unregulated financial system, said Chambers-Jones, who wrote a book entitled Virtual Economies and Financial Crime: Money Laundering in Cyberspace, which will be published in June. What's more, users can open and use...
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