The Asian Bankers Association (ABA) and LexisNexis® Risk Solutions, an ABA Associate Member, are inviting members and friends to join the webinar on “Money Mules: The enablers of scams” to be held on 20 March 2025, 2PM Singapore Time.
(1) INTRODUCTION
In the digital age, where technology connects us and empowers our lives, there is an unfortunate dark side – cybercrime. Scammers employ sophisticated tactics to deceive individuals and organizations, while unsuspecting individuals unknowingly assist in illegal activities, such as acting as money mules.
Money mules play a significant role in enabling cybercriminals to launder money and cover their tracks. Often recruited through social engineering tactics, such as deceptive job advertisements or social media platforms, these individuals may unknowingly participate in illegal activities. In remote parts of Asia, cybercriminals recruit money mules by offering direct monetary incentive to the individuals in exchange of their identities or account credentials. This mule problem has multiplied in recent years thanks to the proliferation of digital, social and commercial channels.
We invite fellow ABA members and friends to dive together into this topic and join two industry experts, Gabby Tomas, Senior Vice President, Operations Group Head at Rizal Commercial Banking Corporation (RCBC) from the Philippines, and Thanh Tai Vo, Director of Market Planning, Fraud & Identity APAC at LexisNexis Risk Solutions, as they provide a deeper look into the rising threat of money mule schemes, uncovering how these criminals exploit everyday individuals, the dangers of becoming a mule, and the broader impact on the global fight against cybercrime.
Participants will get insights into detecting and mitigating money mule activity, along with insights into the operational and business impacts of tackling these scams.
(2) SPEAKERS
(2) AGENDA
14:00 Opening Remarks by Moderator.
14:05 Money Mules: The enablers of scams “ by Thanh Tai Vo.
14:25 Panel Discussion between Thanh Tai Vo and Gabby Tomas.
14:40 Q&A with audience.
15:00 Closing Remarks by Moderator.
Click HERE to register.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. We offer businesses global solutions for Financial Crime Compliance, Fraud & Identity Management and Payments Efficiency.
