From periodic to perpetual: a blueprint for tackling money muling

Money muling isn’t new but its modus operandi has changed dramatically.

Criminals are now recruiting mules through social media and messaging platforms, targeting not just the usual student-aged marks but older demographics, too.

Paired with genuine transaction behaviours being less predictable (small, low value payments happening quickly from “safe” accounts), and AML leaders have a huge challenge on their hands.

As a result, banks are rethinking how they stay informed about customer behaviours and backgrounds. Shifting from periodic screening for risk intelligence hits, and moving towards perpetual, automated screening of customer portfolios.

Synectics’ whitepaper From Periodic to Perpetual: A Blueprint for Tackling Money Muling lays out a practical approach for making the shift.

Get a copy and you'll learn:

• How modern money mules operate and why their strategies are so effective
• The growing importance of continuous, automated compliance checks
• A step-by-step blueprint to kick-start and scale your ongoing screening efforts

Who should read this whitepaper?

This whitepaper is for AML leaders, fraud strategy teams and compliance professionals who want to adapt to money laundering tactics while maintaining regulatory compliance. Whether you’re grappling with an influx of referrals, concerned about on-book screening cadence, or want to lead a new approach, this guide is for you.