Although banks freeze thousands of these accounts every year, fraudsters quickly create new accounts using loopholes in the ...

In a bid to tackle financial fraud, banks plan to verify and restrict 'mule' accounts using voter ID cards and Form 60 by ...

To check cyber fraud through mule accounts, banks are seeking authority to freeze accounts involved in channelling illicit ...

Banks are seeking authority to freeze accounts involved in illicit transactions to combat cyber fraud. They propose using AI, ML, and voter ID verification to curb mule accounts.

To check cyber fraud through mule accounts, banks are seeking authority to freeze accounts involved in channelling illicit ...

PETALING JAYA: A mule account is a personal bank account used to collect the gains from illicit activities for criminals, says Prof Dr Mohamed Ridza Wahiddin. The founder and patron of ...

Mule accounts are used by fraudsters to move ... database to verify individuals who open accounts using voter identification cards and Form 60 — in the absence of a permanent account number ...

Mule accounts are used by fraudsters to move ... database to verify individuals who open accounts using voter identification cards, They have also suggested using Form 60in the absence of a ...

Banks have asked for the power to freeze bank accounts being used for cyber frauds without waiting for court or police ...

Mule accounts are used by fraudsters to move ... database to verify individuals who open accounts using voter identification cards and Form 60 — in the absence of a permanent account number ...