Money Muling 2.0: Webinar Recap

What you'll learn

• Fake, forged, or generated proof of address or proof of income documents . Don’t only verify IDs. Criminals often expect companies to put less efforts on the other supporting documents, which sometimes means low hanging fruit.
• Template farmed documents . Many account farmers are tied to the online account farms producing these onboarding documents. Check against these illegal catalogues.
• Repeated use of documentation across accounts . We call it “ serial fraud. ” Once you have a digital document it's very easy to edit it and make copies. Similarities among these submissions can be a clear sign of tampering.
• The company or person doesn’t exist in official registries . An essential first step that’s often missed and will clearly indicate a fake.
• Variations of the same company name in your platform . Fraud LTC, Fraud Pro LTD, Fraud Inc. — Similar company names within the same system can indicate linked illegitimate accounts.
• Abnormal behaviors: account creation times, security answers, and more . Accounts created one after another, from the same location, around the same time of day, with the same devices, repeating security answers, etc.

Topics covered