Preventing money mule fraud using artificial intelligence

Over the last decade, the accessibility of banking and financial services has grown by leaps and bounds. However, there has also been a growing incidence of financial frauds. One such scam that has been on the rise is the money mule scam. A money mule is essentially a person who is used as a conduit to transfer money illegally. Criminals target victims to get their money transferred using the latter's bank accounts.