PayPal funds academic research on illegal firearms transactions
NEW YORK (Reuters) – PayPal Holdings Inc (PYPL.O) is teaming up with criminologists and specialists at a number of universities to probe the cost programs used within the trafficking of illegal firearms within the United States, the corporate stated on Tuesday.
FILE PHOTO: The PayPal emblem is seen at an workplace constructing in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch
The research goals to assist monetary firms and regulation enforcement perceive what sorts of cost strategies are used to finance illegal transactions and stop them from going down, PayPal executives stated.
The effort will probably be led by the Center on Crime and Community Resilience at Northeastern University and the University of Chicago Crime Lab.
The hope is that having a greater understanding of illegal gun trafficking will assist eradicate gun-related violence, stated Dave Szuchman, PayPal’s head of world monetary crime and buyer safety.
“There haven’t been comprehensive studies done,” he stated in an interview.
The San Jose, California-based firm bans clients from utilizing its providers – together with fashionable peer-to-peer funds app Venmo – to purchase or promote firearms.
The research initiative comes as different massive firms, together with Citigroup Inc (C.N) and Walmart Inc (WMT.N), have tried to deal with gun security by way of financing or gross sales following quite a few mass shootings throughout the United States lately.
The research will probably be led by Dr. Anthony Braga, director of the School of Criminology and Criminal Justice at Northeastern and an skilled on the topic of gun violence and lowering illegal entry to firearms.
Braga and his group are joined by specialists from the University of Chicago Crime Lab, the Violence Prevention Research Program on the University of California, Davis, led by Garen J. Wintemute, a professor of emergency medication, and Philip J. Cook, a professor of public coverage at Duke University and co-director of the NBER Working Group on the Economics of Crime.
Among different issues, the research will look at costs paid for illegally acquired weapons, how the transactions have been financed and the way web gross sales on the floor, deep and darkish net facilitate illicit gross sales. The research will even look at worldwide gun trafficking organizations, Braga stated.
“We hope to establish a new area of study that could have major policy implications – how illegally sourced guns are financed,” Braga stated. “This is a subject where researchers and policymakers understand very little.”
Reporting by Anna Irrera; Editing by Dan Grebler