FICO

SEPTEMBER 10, 2020

Federal Bureau of Investigation (FBI) issued a bulletin warning that this crime is on the rise, and published a Money Mule Awareness Guide to help the public fight money mules. Consumers are taking “mobile to the max” by using their phones for mobile deposit, contactless payments and person-to-person payments.

Crime 52

Crime Money Laundering Online and Mobile Banking Romance Scams 52

FICO

FEBRUARY 24, 2022

According to the FBI , a money mule is someone who transfers or moves illegally acquired money on behalf of, or at the direction of another. In this clip from ABS-CBN, I discuss the rise of money mules in the Philippines: Faster Payments Accelerate Problem. What Exactly Is Money Muling?

Money Laundering 52

Money Laundering Financial Crimes Crime AML 52

FICO

JANUARY 10, 2023

Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market. Matt Cox reported that the rapid growth of contactless payments has attracted the attention of fraudsters who are always seeking out new methods to steal money. Read the full post. Matt recommended that lenders: Mitigate the risks now.

Scams 52

Scams Posting Push-to-Card Compromise 52