Number of middle-aged money mules rising

Middle-aged people are more and more often being attracted to becoming “money mules” and their bank accounts used for money laundering purposes.

More than 40,000 cases of money mule activity were reported to UK fraud prevention service Cifas last year, which is a 26% increase as compared with 2017. The largest rise was among people aged between 41 and 60 – a 35% increase as compared with 2017.

It seems that fraudsters target people without a criminal background, so that payments go unnoticed. According to BBC home affairs correspondent Danny Shaw, money mules are usually recruited on social media sites and via messaging apps, they are offered money for allowing their bank accounts to be used to transfer cash. Many of them may not initially understand that they are committing a crime.

 

money mule or a “smurfer” is a person who transfers illegally acquired money in person, through a courier service, or electronically, on behalf of others. The money mule is either paid for services or not aware that the money being transferred is criminal.

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