Detection, Prevention, and Investigation: Understanding Money Mules

Regulatory developments have upped the ante for banks and PSPs, driving the adoption of new and increasingly innovative tech and data solutions to combat the mounting challenge, which in turn is forcing mule herders to adapt their tactics.

Keeping pace & adapting strategy is a challenge in its own right, which is why Natwest, UK Finance, Cifas and LexisNexis® Risk Solutions are joining forces to shed light on this complex issue, from detection to prevention and investigation.

Join us to learn about:

• Types of Money Mules: Understand the varying categories—from complicit individuals to those exploited as victims—and ensure your treatment strategy addresses first-generation mules as well as second-generation and further associated mules in the transaction chain.
• Prevention Strategies: Learn about the latest techniques and tools used to identify money mule activities, including real-time transaction monitoring and the importance of understanding inbound and outbound strategies.
• Investigation Techniques: Gain insights into the investigative processes, including the best practices for banks and payment service providers in reporting mule activities.
• Regulatory Landscape: We’ll explore the evolving regulatory environment, the impact of recent changes on the approach to money mule activities and the future trends you need to watch out for.
• Industry Collaboration: Why collaboration between financial institutions is mission critical and what this means in practice across financial services, law enforcement and regulatory bodies.