Money Mule Accounts Top List Of Emerging Fraud Concerns

Regulatory changes and improving tactics from financial firms are pushing payment fraud into new areas, recent research shows, with money mule accounts top of the list of emerging concerns.

An annual fraud report from non-profit fraud prevention organisation Cifas and a survey of consumer fears about rising fraud rates in the wake of an increasingly cashless society from law firm Osborne Clarke were both published over the last week.

Together they painted a picture of how regulatory reforms in the payments sector have taken aim at malicious activity, while new areas of criminality have opened up.

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