Tagged: money mules

Bank of Ireland Warns that Money-Muling May Lead to Criminal Record and Impact Travel or Employment Prospects

Bank of Ireland is warning that ‘money-muling’ – or allowing a bank account to be used to transfer stolen money for a fee – can lead to a criminal record and impact travel or employment prospects. The warning comes as some students “will be planning… Read More

Wirex, a Web3 Money Platform, Announces Enhancement in Measures to Combat Dark Web Activities and Money Mule Threats

Wirex, a Web3 money platform, announced a significant enhancement in its measures to combat Dark Web activities and money mule threats. The company has reportedly “incorporated ZeroFox’s Dark Web Monitoring tool into its system, creating a unified solution.” This way, a combination of human and… Read More

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

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

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

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

Send this to a friend