July 29 2017
The number of young people targeted by criminals to be “money mules” – people who let their bank accounts be used to launder money – has doubled, according to a fraud prevention service. Cifas, which aims at reducing financial crime in the UK, said that the number of “misuse of facility” frauds involving those under 21 years of age, has risen sharply. There were 4,222 cases in the first half of 2017, compared with 2,143 in the first part of 2916, the fraud prevention service said.