Fraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters. They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime. The study was carried out by Financial Fraud Action, which tackles fraud on behalf of banks.
It said that students and jobseekers could be especially vulnerable. Some 19% of students who had been approached had agreed to become money mules.”It’s a very serious problem,” warns DCI Dave Carter, an investigator from Financial Fraud Action.”Almost every single criminal transaction that goes on depends on money mules, to turn the money from crime into something the criminals can spend themselves.”
Detailed news link (source BBC UK): click here
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