Mule Account Detection

Mule accounts are the most critical link in the fraud supply chain infrastructure as they are central to the criminal cash out and money laundering process. Recently there has been a surge in money mule recruiters and scams targeting those most impacted by the change in economic climate. According to UK Finance, in 2020, there were over 17,000 suspected money mule cases involving individuals between the age of 21-30 year, a five percent increase from the previous year. With the rapid digital shift and consumers demanding faster payments, progressive technologies are required to help financial institutions prevent the flow of stolen funds through their organization.