News

N.J. man was ‘money mule’ for international ring selling child sex abuse videos, authorities say
A ringleader in Turkey used "money mules" to help sell huge caches of videos and photos of child sexual abuse, Florida's ...
Inquirer Business on MSN1d
Policies in place to combat money mules, digital vote-buying
Modern problems require modern solutions—this has never been truer in the face of cyber scams. In the Philippines, we are ...
Fighting fraud: Banks seek authority to block mule accounts instantly. Here’s why
Although banks freeze thousands of these accounts every year, fraudsters quickly create new accounts using loopholes in the ...
IBA urges RBI to empower banks against money mule fraud
A working group formed by the Indian Banks' Association has recommended that this issue be taken up with the Reserve Bank of ...
Devdiscourse13d
Banks Tackle Cyber Fraud: The Battle Against Money Mule Accounts
Banks are seeking authority to freeze mule accounts used in cyber fraud. Currently limited by the Prevention of Money ...
The Economic Times on MSN13d
Banks seek power to freeze accounts in case of illicit transactions
The report represented a blueprint for curbing money mule activities, it said, adding that implementing these measures will ...
Banks seek power to freeze accounts in illicit transactions cases to rein in cyber fraud
Banks seek authority to freeze mule accounts to combat cyber fraud, proposing use of technology and collaboration for ...
Philippine Daily Inquirer1d
Policies in place to combat money mules, digital vote-buying
The law penalizes individuals found guilty of engaging ... Council (AMLC), there has been an increase in the number of money mule cases in the country since 2021. The AMLC reported that they ...
Banks seek RBI nod for getting authority to freeze accounts making illegal transactions. Here’s why
Banks have proposed using the Election Commission database to verify individuals who open accounts using voter identification ...