[samstave]

The last thing banks want is any regulators looking into how easily they can launder money.

Who cares about gift card fraud when they are laundering billions for criminals, cartels etc.

If you get too much oversight, they might accidentally find all the other crap banks are upto.

If there is any institution you can be assured of fraud; it's banks.

[CamperBob2]

But this particular fraud costs them money.