Money mules have undoubtedly become THE proven, indispensable tool in successfully implementing cross-border money laundering schemes and are thus directly fuelling transnational organized crime.

Both unwitting and informed money mules are instrumental in helping criminals perpetrate multiple types of fraud thanks to their vital linkage role in the schemes, with cyber fraud clearly leading the pack. With money mules recruitment strategies’ continuously evolving, the expected portrait of a typical money mule is in constant change.

The latest techniques money mules apply to succeed in their mission are being perpetually adjusted to evade detection. And obliged parties are expected to proactively sophisticate their FinCrimeCompliance Programs for accelerated money mules detection and thus meaningfully contribute to financial crime prevention. The question we all long for a clear answer to: how do we crack the money mules code?

Based on the latest research, the presentation will provide the conference attendees with precise identifying features of money mules, articulate their exact actions as fraud enablers, and specify clear steps to be taken by obliged parties to ensure protection of the financial system from FinCrime helpers - money mules.