In previous reports about mule activity, I’ve endeavored to outline the rationale and benefits of taking a more deliberate approach toward proactive mule detection and prevention. My discussions with fraud executives, AML executives, and solution providers have culminated in the following observations:
July 18, 2022
As part of Aite-Novarica’s Top 10 Trends in Fraud & AML, 2022: Braving the New Normal in Janu
March 9, 2022
Scams have always been a thing. For fraud executives in the U.K., they’ve been a much bigger thing for the better part of the last decade. For fraud executives in most other markets, however, they’re just now beginning to loom larger on the radar.
July 8, 2021
On June 4, 2021, the Consumer Financial Protection Bureau (CFPB) released a “Frequently Asked Question” bulletin designed to provide guidance to consumers and financial institutions (FIs) around compliance with the Electronic Funds Transfer Act (EFTA) and Subpart A of Regulation E (Reg E). Among the many helpful insights that the FAQ bulletin shared were several questions that reveal the bureau’s interpretation of the extent to which these laws should apply to scam victims.