Fraud Prevention: Money Mules - An Identity Crisis

01 Jun 2021 8:33 AM | Anonymous member (Administrator)

Money mules are a hot topic in fraud prevention circles these days. But wait a minute, isn't that more of an AML issue? I mean the literal definition of money laundering is "concealing the origins of illegally obtained money". That's money muling to a T. However, when you look across the lifecycle of muling activity, it becomes more complex. And when it comes to categorizing money mules within a specific fraud/AML use case, mules indeed have an identity crisis.

https://www.finextra.com/blogposting/20358/money-mules---an-identity-crisis

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