The June 2024 report shows that proactive mule detection, once a low priority due to lack of economic incentives, is gaining attention as liability shifts emerge, such as the UK PSR proposal requiring receiving financial institutions to cover 50% of APP scam reimbursements. Interest in mule controls is rising, now ranked as the second most cited area for fraud framework improvements. However, most investments remain tied to broader initiatives like enrollment fraud and payment fraud modernization. The shift signals growing regulatory and market pressure to address mule activity proactively.

Join for free to read