Tagged: money mules

NICE Actimize Introduces Real-Time Money Mule Defense Solution to Detect Illicit Activity

March 15, 2023 @ 11:17 pm By Omar Faridi |

Traditional payments monitoring systems often do not detect money mules’ movements as they secure illicit funds from financial institutions. To address this problem, NICE Actimize, a NICE business (Nasdaq: NICE), announced its cloud-first Money Mule Defense Solution designed “to detect, investigate and prevent mule account… Read More

Read more in: Regtech & Legaltech, Global | Tagged cloud, craig costigan, fraudulent activities, illicit activities, money mule defense solution, money mules, nice actimize, nice business

UK Finance Reports that 70% of Automated Push Payment Scams Originated via Online Platforms

May 14, 2021 @ 1:57 pm By Omar Faridi |

UK Finance, a trade association for the UK banking and financial services sector (representing around 300 local companies offering credit, banking, markets and payment-related services), has shared an analysis of almost 7,000 authorized push payment (APP) scam incidents. The analysis reveals that around 70% of… Read More

Read more in: General News, Fintech, Global, Politics, Legal & Regulation | Tagged consumer behavior, cybercriminals, david postings, europe, financial crime, fraud, fraudulent activities, internet scams, money mules, online safety bill, online scams, scams, uk, united kingdom