Number of young people going about as ‘money mules’ doubles. The number of young people caught acting as “money mules” has doubled in the past 4 years, according to the UK’s fraud protection service, Cifas.
A mule allows their bank account to be used with others to transfer money in & through it, & in return, save some of the money for themselves.
If caught, money mules have their bank accounts locked & can face jail.
The job advertised probably be a “financial manager” or “UK representative”, & a Britain bank account going to be a requirement.
“We’re urging people not to give their bank account specifics to anyone unless they realize & trust them,” she said.
Soaring numbers of young people used as ‘money mules’ with criminals
The number of young people being used as “money mules” to transfer the proceeds of crime has bullet up with 75 per cent in the final year, a research has found.
According to Cifas, the UK’s fraud protection service, there were 8,652 statuses of 18-24-year-olds having their bank accounts used with criminals from January to September this year.
Young people & students from poorer backgrounds are believed to be targeted due to their obvious necessity for fast cash.
“The criminals behind money mules often Utilize the cash to fund great crime, such as terrorism & people trafficking.
Katy Worobec, head of fraud & financial crime prevention, cyber & information sharing, at Britain Finance, the organisation behind FFA UK, said: “Money muling Information Systems money laundering & criminals are Utilizing young people as mules in increasing numbers.
Record promote in ‘money mule’ statuses between Britain young people
Record numbers of young people are letting their bank accounts be used with criminals engaged in terrorism & other serious offences, it has been claimed.
The past year saw a 105% promote in statuses of “money muling” for those aged 21 years or under, to 6,484 cases, where seemingly innocent bank accounts are used to launder criminal proceeds.
Katy Worobec, head of fraud & financial crime prevention, at Britain finance, that represents banking & financial companies, said: “Money muling Information Systems money laundering & criminals are Utilizing young people as mules in increasing numbers.
We’re urging people not to give their bank account specifics to anyone unless they realize & trust them.
If an offer of easily money sounds also perfect to be true, it may is.”
collected by :Frank Ithan