Method, device, and system of detecting mule accounts and accounts used for money laundering
US12380455B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 4, 2023 |
| Grant date | Aug 5, 2025 |
| Priority date | — |
| Expiry date | Feb 4, 2044 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/10
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Method, device, and system of detecting a mule bank account, or a bank account used for terror funding or money laundering. A method includes: monitoring interactions of a user with a computing device during online access with a bank account; and based on the monitoring, determining that the bank account is utilized as a mule bank account to illegally receive and transfer money, or is used for money laundering or terror funding. The method takes into account one or more indicators, such as, utilization of a remote access channel, utilization of a virtual machine or a proxy server, unique behavior across multiple different accounts, temporal correlation among operations, detection of a set of operations that follow a pre-defined mule account playbook, detection of multiple incoming fund transfers from multiple countries that are followed by a single outgoing fund transfer to a different country, and other indicators.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.