Protect Yourself from Money Mule Scams

Don't Let Fraudsters Use Your Bank Account for Illegal Activities

What is a Money Mule?

Money Mule is a term used to describe innocent victims who are duped by fraudsters into laundering stolen/illegal money via their bank account(s). When such incidents are reported, the money mule becomes the target of police investigations, due to their involvement.

How do fraudsters operate?

• Fraudsters contact customers via emails, chat rooms, job websites or blogs, and convince them to receive money into their bank accounts, in exchange for attractive commissions.
• The fraudsters then transfer the illegal money into the money mule’s account.
• The money mule is then directed to transfer the money to another money mule’s account – starting a chain that ultimately results in the money getting transferred to the fraudster’s account.
• When such frauds are reported, the money mule becomes the target of police investigations.