An Australian man whose family had their life savings stolen has been left “disgusted” that a bank recovered some of the money — yet the funds were later released back to the scammer.

Law enforcement agencies are working with banks and tech firms to detect and prevent fraud early. Aggarwal adds, “Public awareness is also conducted so that people who become mules face heavy fines, ...

Romance Scam : A herder, often impersonating as a female, connects with a mule through social media or a dating platform, trapping them with romantic chats. Investment Scams : A recruiter sends ...

Money laundering through mules has reached epidemic levels. BioCatch’s financial sector customers reported almost 2 million ...

Kolkata: Two residents of Prince Gholam Md Shah Road, Abhishek Tewari (42) and Tista Sen (40), have been arrested for ...

The cyber crime branch police on Saturday arrested two persons involved in selling mule bank accounts to cyber conmen. These ...

More than 100,000 Australian bank accounts are being used to funnel illicit funds, including from scams, but the nation’s ...

Delhi Police’s Cyber Cell has dismantled a fraud network linked to a Chinese company, arresting five in Jhansi. The accused ...

Union Home Minister Amit Shah said that 399 banks and financial intermediaries are now working in coordination with the ...

Staff at the country’s largest bank helped a scam victim send $250,000 to the account of a known “money mule” just weeks after another victim lost $250,000 to an ANZ account under the same name. A ...