AML: One in 100 current account applications is fraudulent, says Experian

13 Jun 2023 12:27 PM | Anonymous member (Administrator)

Around one in every 100 current account applications is now fraudulent, with money muling often being behind such incidents, according to a financial information company.

Money mule activity is often behind bogus applications which are detected or prevented, accounting for more than two-fifths (42%) of reported first-party current account fraud, Experian said.


https://uk.sports.yahoo.com/news/one-100-current-account-applications-230100760.html

         twitter   linkedin

Midlands Fraud Forum Ltd. Reg.No: 06436330
Copyright © 2024
Disclaimer & Privacy Policy

Powered by Wild Apricot Membership Software