In 2022, more than 39,000 accounts linked to money mule activity were reported to the UK’s National Fraud Database. Mule accounts play a critical role in the fraud supply chain and are a mechanism to ...

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

However, fraudulent activities are now shifting to ... approach to addressing the growing threat of corporate mule accounts: Amlo, the Business Development Department, the Anti-Online Scam ...

The Securities and Exchange Commission (SEC) is stepping up efforts to crack down on digital asset mule accounts by tightening control on the use of foreign platforms for money laundering to protect ...

The report represented a blueprint for curbing money mule activities, it said, adding that implementing these measures will require dedication and cooperation from financial institutions, regulators, ...

PROPOSED amendments to the law were tabled in Dewan Rakyat with the aim of clamping down on the use of mule accounts for illegal activities. The move is seen as a measure to address the alarming ...

The status of legislation related to "mule" accounts is one of the key issues to be discussed in today's Dewan Rakyat session. According to the Parliament portal’s Order of Business, RSN Rayer ...

said the regulator has worked closely with the Thai Digital Asset Operators Trade Association and digital asset business operators to strengthen efforts against digital asset mule accounts since 2024.

The report represented a blueprint for curbing money mule activities, it said, adding that implementing these measures will require dedication and co-operation from financial institutions ...