noun A term used in financial crimes to describe individuals who facilitate money laundering by transferring stolen or illegal funds.
Law enforcement agencies track and investigate money mule networks to disrupt illegal financial activities.
Banks implement measures to detect and prevent money mule transactions to comply with anti-money laundering regulations.
Money mules are often recruited through phishing schemes or job scams to help launder money obtained through cybercrime.
Organizations use advanced analytics and monitoring tools to identify suspicious activities related to money mule schemes.
A money mule is a person who transfers stolen money or goods, typically abroad, on behalf of others in exchange for a commission.
Bankers may encounter money mules when dealing with suspicious financial transactions or fraudulent activities.
Law enforcement officers may investigate cases involving money mules who are used to facilitate money laundering or other illegal activities.
Compliance officers are responsible for ensuring that financial institutions have measures in place to detect and prevent money mule activities.
Cybersecurity analysts may track and identify money mule networks involved in cybercrime and fraud schemes.