Are you aware of Money Muling?
- Credit: Archant
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.
You may also want to watch:
"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/
- 1 Free parking for 30 minutes at 48 car parks
- 2 Town's Post Office boost ahead of Christmas rush
- 3 Family 'truly moved' as crowds remember building company founder
- 4 Refurbishment of 'incredibly important structure' confirmed
- 5 'More substantial than a Scotch egg': Pub creates the 'Botched egg'
- 6 Plea for answers after blacksmith's 'devastating' death
- 7 Will Suffolk see snow as wintry showers hit before the weekend?
- 8 Illegal puppy farm warning as one in ten plan to buy dog for Christmas
- 9 How Norfolk and Waveney MPs voted in coronavirus tiers vote
- 10 Lack of information sharing 'could lead to more deaths' after 95-year-old attacked