Detection, Prevention, and Investigation: Understanding Money Mules

Webinar overview:

The fraud landscape is always evolving, but money mules have captured everyone's attention—driving rapid transformation and strategic change under the PSR’s latest direction.

Regulatory developments have upped the ante for banks and PSPs, driving the adoption of new and increasingly innovative tech and data solutions to combat the mounting challenge, which in turn is forcing mule herders to adapt their tactics.

Keeping pace and adapting strategy is a challenge in its own right, which is why UK Finance, Cifas, NatWest and LexisNexis® Risk Solutions are joining forces to shed light on this complex issue, from detection to prevention and investigation.

Join us to learn about:

Types of money mules: Understand the varying categories—from complicit individuals to those exploited as victims—and ensure your treatment strategy addresses first-generation mules as well as second-generation and further associated mules in the transaction chain.
Prevention strategies: Learn about the latest techniques and tools used to identify money mule activities, including real-time transaction monitoring and the importance of understanding inbound and outbound strategies.
Investigation techniques: Gain insights into the investigative processes, including the best practices for banks and payment service providers in reporting mule activities.
Regulatory landscape: We’ll explore the evolving regulatory environment, the impact of recent changes on the approach to money mule activities and the future trends you need to watch out for.
Industry collaboration: Why collaboration between financial institutions is mission critical and what this means in practice across financial services, law enforcement and regulatory bodies.

Area of expertise:

Economic crime

Jonathan Lamb

Senior Engagement Manager, LexisNexis® Risk Solutions

Jonny is a subject matter expert in APP, Mules & FPF with over 10 years of experience in strategy prevention roles. Jonny has been supporting mone...

Jonny is a subject matter expert in APP, Mules & FPF with over 10 years of experience in strategy prevention roles. Jonny has been supporting money mule prevention in Tier 1 banks and at LexisNexis Risk Solutions. He leads on initiatives including key strategies & industry projects surrounding money mule detection.

Arjun Medhi

Compliance and Risk Specialist, Cifas

Arjun Medhi is a Project Manager at Cifas, He is a strategic compliance and risk management specialist with 18+ years of experience across major finan...

Arjun Medhi is a Project Manager at Cifas, He is a strategic compliance and risk management specialist with 18+ years of experience across major financial institutions including Barclays, HSBC, and Santander. Specialising in fraud prevention, regulatory and financial crime compliance, Arjun has consistently delivered high-impact solutions that protect organisations from regulatory and reputational risks.

Known for leveraging data analytics and technology to solve complex compliance challenges, Arjun has successfully implemented machine learning models for enhanced compliance oversight, automated statistical reporting systems, and streamlined case management frameworks.

Arjun holds a MSc with Distinction in Counter Fraud and Counter Corruption Studies and industry-recognised certifications in risk management. As a speaker, Arjun offers valuable insights into compliance challenges, data-driven risk management, and the future of financial crime prevention in the financial services sector.

Chris Parker

Head of Threat Management & Fraud Product, Fraud Prevention COE, DigitalX, Natwest

Chris has recently taken on the role of Strategic Fraud Lead for Onboarding, In-life, and Authentication within NatWest's Fraud Prevention department....

Chris has recently taken on the role of Strategic Fraud Lead for Onboarding, In-life, and Authentication within NatWest's Fraud Prevention department. Previously, he led the Threat Management & Fraud Analytics Product team.

With nearly 25 years at NatWest Group, Chris has focused extensively on fraud prevention, gaining deep insights into the evolving tactics of Threat Actors and their impact on Digital services. Chris has leveraged third-party fraud prevention solutions, innovative opportunities, and maximized data, orchestration, and models to mitigate financial crime and fraud. In this new role, he will bring this expertise closer to the customer, designing and executing visions that meet business demands, maintain industry-leading customer protection, and enhance positive customer journeys.

Christine Farrow

Principal, UK Finance

LexisNexis® Risk Solutions

LexisNexis® Risk Solutions provides customers with solutions and decision tools that combine public and industry-specific content with advanced techno...

LexisNexis® Risk Solutions provides customers with solutions and decision tools that combine public and industry-specific content with advanced technology and analytics to assist them in evaluating and predicting risk and enhancing operational efficiency.

We use the power of data and advanced analytics to help our customers make better, timelier decisions. Our innovative solutions enable organisations to manage risks like identity theft, fraud, money laundering and terrorism, and prevent financial crimes.

LexisNexis® Risk Solutions brings together physical identity attributes, including name, address, date of birth, with behavioural biometrics, and a powerful contributory database of digital identity intelligence: electronic devices and associated digital personas, enabling organisations to make more reliable fraud and risk decisions.

This webinar is ideal for professionals in the financial sector, including:

compliance officers
faud investigators
risk managers
anyone interested in understanding and combating money mule activities.

This webinar promises to be a valuable session for anyone looking to deepen their understanding of money mules and learn practical strategies to protect their organisation from this pervasive threat.

Detection, Prevention, and Investigation: Understanding Money Mules