What is a Money Mule? A money mule is a person recruited by criminals to help in transferring stolen or fraudulently obtained money from bank accounts. Money muling equals money laundering. Criminals pose as employers and dupe targets into laundering money on their behalf. They contact prospective victims with a “job vacancy” advert online, on …
Gardai warn young adults are targets for bank details Over 1,600 Money Mule cases reported by main Irish retail banks in 2018 Wednesday 10th April 2019 – An Garda Síochána in association with FraudSMART, a fraud awareness initiative led by the Banking & Payments Federation Ireland (BPFI), are advising consumers, particularly young adults, to be …
Money Mules are people recruited by criminals to help transfer stolen or fraudulently obtained money from bank accounts. Money Mules can also be known as ‘money transfer agents’. Criminals pose as employers and dupe targets into laundering money on their behalf. They contact prospective victims with “job vacancy” advert online, on job search websites or …
This could be money muling, a serious crime that can result in a prison sentence – #DontBeAMule It’s Global Money Week and FraudSMART is alerting the public, especially young people, about the risks of Money Muling. A money mule is someone recruited by criminals to receive money into their bank account in order to transfer stolen or fraudulent …
Students warned of risks as €17.5m illegally transferred through money mule accounts in H1 2023 – a rise of almost 50% according to new FraudSMART figures FraudSMART members reported over 2,600 mule accounts identified in the first half of 2023 alone. Majority of money mule bank accounts belonged to those aged between 18 and 24 …
Average sum transacted through money mules accounts stood at €4k in H1 2022 Majority of money mule bank accounts belonged to those aged between 18 and 24 years of age with some as young as 15 As the cost of living crisis continues FraudSMART and An Garda Siochana warn that financially vulnerable groups are most …
FraudSMART renews appeal to young people and parents to be wary of dangers and consequences of money muling 6th August 2021 – New figures released today by FraudSMART, the fraud awareness initiative led by Banking & Payments Federation Ireland (BPFI), show that over 700 incidents of money mule transactions totalling in excess of €5 million …
Banks launch major awareness campaign to highlights dangers of money muling to young people and their parents as new research shows 36% of 18-24 year olds claim they are likely to act as money mules Monday, 21st September 2020 – New figures released today by FraudSMART, the fraud awareness initiative led by Banking & Payments Federation …
A money mule is someone recruited by criminals to receive money into their bank account in order to transfer stolen or fraudulent money to another account or withdraw the money and wire it overseas. This is often done in return for money or an expensive gift. There has been an increase in the numbers of money mule …
Get FraudSMART and win a new iPhone with Spin 1038 Don’t believe everything you hear and see! If something seems too good to be true online, then it probably is. Scams, both online and offline are nothing new and like everything else in the world, scams get more sophisticated with time. Large amounts of fraudsters …