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Are you aware of Money Muling?

PUBLISHED: 11:43 09 September 2019 | UPDATED: 11:43 09 September 2019

Police have issued a warning as they urge people to be aware of the increasingly common practise of ‘Money Muling’. Picture: Europol

Police have issued a warning as they urge people to be aware of the increasingly common practise of ‘Money Muling’. Picture: Europol

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Police have issued a warning as they urge people to be aware of the increasingly common practise of ‘Money Muling’.

Calling on the public to resist the temptations of online offers of cash, more than 90 per cent of money mule transactions are linked to cybercrime.

With Suffolk Police highlighting the issue, posts on the Halesworth Police Facebook and Twitter pages said: "This is when third parties offer the use of their own bank accounts for the transfer of money or open new accounts in their own name, but allow them to be used by third parties for illicit purposes."

Temporary Detective Chief Insp Nicola Wallace said: "I would urge the public, particularly young people, to resist the temptation of online offers of cash if they allow their bank account to be used to transfer money across the system.

"Students are especially targeted online and I would remind them that this is not a risk-free activity and they are clearly committing offences by accepting a role in money laundering and or fraudulent activity.

"I would advise that you should block these social media requests/job adverts and never agree to open a bank account on behalf of somebody else."

For further information visit www.europol.europa.eu/


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