FCA: Firms’ use of the National Fraud Database (NFD) and money mule account detection tool
23 Jan 2025
United Kingdom
1 min read
FCA has published key findings from its review of payment services and account providers’ use of the NFD and a money mule account detection tool to tackle risks associated with money muling activities. The regulator expects all other payment services and account providers to consider their own systems and controls against its findings.
