Anti-Financial Crime & Financial Crime Compliance
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AML, Financial Crime

NEWS: Sharp increase in illegal funds transferred through ‘money mule’ accounts

By Alisha Houlihan for AMLi

NEW FIGURES have shown a surge in the illicit transfer of funds through “money mule” accounts, with €17.5M laundered between January and June of this year. 

During the initial half of the year, the Banking and Payments Federation Ireland’s (BPFI) FraudSMART campaign identified more than 2,600 money mule accounts.

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