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Jesus christ. How incompetent are the banks?

Surely you're going to notice sudden repeated transfers to a (presumably foreign) bank account and at least query them? If these guys are able to open hundreds of accounts to spread out the funds then that's another problem, and the banks responsible should be simply blocked.

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They mostly use mules, they get the mules from phishing too. So the money is transferred from one victim to one mule, the mule agrees to send 90% of the money via a non traceable method. The mule is eventually on the hook for 100%.

Tip: you are not thinking like a criminal.

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