Money mules are a crucial link in the fraud chain – and, while they are criminals in the eyes of the law, many are completely unaware of their involvement. It can be quite complicated but simply put, a money mule lets someone else use their bank account to transfer illicit cash.
Nearly two thirds of bank accounts indicating mule behaviour in 2023 belonged to people aged under 30, according to fraud prevention agency Cifas. Find out more about money mules, plus what are the 5 warning signs that someone you care about has been recruited?
Money mules
Source: Which? (26 Jun 2024)
