Money Mules

"Fraudsters have many strategies up their sleeve, including manipulating individuals as a pawn in their criminal ventures.

The use of mule accounts as a holding house for criminal funds is a persistent problem for banks. We explore how stricter onboarding processes and more granular monitoring of account activity could better manage malicious mule activity."

Unmasking the Many Faces of Fraud

Episode 4

Fraudsters have many strategies up their sleeve, including manipulating individuals as a pawn in their criminal ventures.

The use of mule accounts as a holding house for criminal funds is a persistent problem for banks. We explore how stricter onboarding processes and more granular monitoring of account activity could better manage malicious mule activity.