Sold-Accounts-Hero (2)
Breaking down the peddler

The peddler is a genuine user that sells their account to a criminal. Mule Account Detection addresses sold accounts and this persona by detecting the new replacement behavior to proactively prevent money laundering activity.

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Stopping sold accounts

The peddler is extremely problematic for banks and financial institutions. The main reason is due to the history of the account being linked to a genuine user. However, once the account has been sold, Mule Account Detection is able to pick up on the behavior differences. This new user showcases unknown account behavior and has a history of money laundering and criminal behavior. Mule Account Detection can detect low data familiarity, a change in behavior, and the usage of one device to access multiple accounts.

By detecting this persona, banks and financial institutions can prevent an infiltrator from using historically genuine accounts to infect their business. BioCatch uses Behavioral Biometric intelligence to detect sold accounts and new user behavior in real time. This proactive approach provides actionable insights to fraud and AML teams much faster than traditional detection methods. Click here to learn more about this persona and how Mule Account Detection can stop good accounts from going bad.

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Additional fraud + AML 
use cases (FRAML)

The accomplice

Catching the accomplice decreases illegal operations and reduces criminal growth. Learn more about how BioCatch detects willing participants and prevents converted accounts from laundering money.

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The misled mule

Mitigating misled mules can protect financial institutions and their customers from unknowingly breaking the law. Learn more about how BioCatch identifies activity trend changes from genuine users to stop involuntary money laundering activity.

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Identity Theft

Early detection is critical when preventing money laundering activity. Learn more about how BioCatch protects against new account fraud and proactively prevents money laundering criminals from infiltrating financial institutions.  

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Credential Stuffing

Detecting credential theft and account break ins can prevent the use of victim accounts for money laundering purposes. Learn more about how BioCatch uses behavioral intelligence to increase customer protection while reducing risk and friction.

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and harm your brand.

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