Money Mule Scam

WHAT IS MONEY LAUNDERING?

Scammers, likely to be members of foreign syndicates, pose as lonely individuals seeking companionship and love online. They befriend victims on social media sites and after gaining their trust, ask the victims to open a new bank account or use an existing bank account to receive money. When the money is deposited into account, the victim is asked to pass or send the money to another person or company, usually based overseas. Alternatively, scammers post job advertisements on online job portals or social media platforms for the position of "agent". The "agents" will earn commission for receiving and transferring money for a "legitimate" company.

image_advices
  • People offering commission for doing little other than transferring money
  • People you have never met asking for personal details
  • Employers with no street address. They may be trying to avoid being tracked down
  • Never give out personal particulars or bank account details to people you have never met
  • Decline all requests by an online acquaintance for money transfers. You might be unwittingly committing a crime by laundering money for another party
  • If you

What you should look out for

  • People offering commission for doing little other than transferring money
  • People you have never met asking for personal details
  • Employers with no street address. They may be trying to avoid being tracked down

What you should do

  • Never give out personal particulars or bank account details to people you have never met
  • Decline all requests by an online acquaintance for money transfers. You might be unwittingly committing a crime by laundering money for another party
  • If you

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