UK aims to tackle money mules with new action plan

Wolfsberg Group updates Country Risk FAQs
2023 Internet Crime Report published by FBI

The UK Government has published new resources aimed at tackling money mules and money laundering-linked financial exploitation.

As part of its ongoing Fraud Strategy the Government has released:

  • A cross-sector money mule and financial exploitation action plan action plan: Setting out how Government and its partners will work together to disrupt money mule activity and protect the public; and
  • Guidance for frontline professionals working with children and adults at risk on money laundering-linked financial exploitation: Including information on reporting rules and working with banks and law enforcement.

Firms and relevant professionals should view the new publications to remain up to date with new and ongoing fraud risks, alongside any mitigating actions recommended.

https://assets.publishing.service.gov.uk/media/65e0a18f2f2b3b001c7cd7b7/Money+Mule+and+Financial+Exploitation+Action+Plan+.pdf

Learn more about Plenitude’s Fraud Practice https://www.plenitudeconsulting.com/what-we-do/fraud-services/

https://assets.publishing.service.gov.uk/media/65e0beb73f69450011036036/Guidance+for+frontline+professionals+.pdf

Share with: