FCA Multi-firm Review: Money Mules Activity and Cashing Out Findings
The FCA published findings from a multi-firm review of money mule activity, highlighting that over 230,000 suspected mule accounts were closed in 2025 and that cashing out occurs primarily in the second to fifth transaction. Firms are expected to review and strengthen their financial crime controls for detecting and disrupting money mule activity based on these findings.
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- 23 September 2026
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