Money muling

Money mules are employed by fraudsters to receive large amounts of money into their bank account, then transfer it into overseas accounts or withdraw the money to give to their employer minus a commission payment. Money mules are not always aware that what they are doing is illegal. Fraudsters package this process and advertise it to people as a lucrative business dealor a highly paid job with little effort involved.

The transfer of un-accounted for money between bank accounts is classed as money laundering. The fraudsters use people to transfer the money so that it covers their trail. Quite often money being moved has been involved in scams or being used to fund serious organised crime.

Be cautious about any unsolicited offers or opportunities offering you the chance to make some easy money. Be especially wary of offers from people or companies overseas as it is harder for you to find out if they really are who they say they are. Take steps to verify any company which makes you a job offer and check their contact details (address, phone number, email address and web site) are correct and whether they are registered in the UK. Never give your bank details to anyone unless you know and trust them.

What to look out for

  • Be wary of any unsolicited offers or opportunities for work, especially if the company is based overseas
  • Verify the details of any company that you are consider dealing with and never give your bank account details to someone you don't know or trust
  • Contact your bank immediately if you think that you may have become involved in a money mule scam
  • If you see an opportunity to make some easy money and the offer seems too good to be true, then it probably is!
  • The nature of the work that the company will claim to be involved in can vary, but the specifics of the job being advertised invariably means using your bank account to move money
  • The advert may be written in poor English with grammatical and spelling mistakes.

Reporting fraud

If you're a victim of fraud that is a crime in progress and you need an immediate police response dial 999.

If it is a non-emergency situation,

call Action Fraud on 0300 123 2040.

You can also report fraud or find further advice and information on the Action Fraud website.