'Money mules' or 'money transfer agents' are usually ordinary people who have been unwittingly recruited by criminals, in order to launder funds which have been obtained from criminal activity. Many of the criminals carrying out this type of fraud are located abroad, so a money mule based in the UK may be required to send the money overseas.
How do they do this?
Criminals try to dupe innocent victims into laundering money on their behalf. They normally do this by pretending to offer legitimate jobs by email, in newspapers or on job sites on the internet, with the tempting lure of a seemingly easy way to make extra cash. It may look like a proper job offer, but the real purpose is to channel cash from criminal activity through a person's own bank account, making them the fraudster's money mule.
Acting as a money mule is money laundering, which is a serious criminal offence.
Stay safe - follow this advice
- 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 located overseas because it's harder to check if they're genuine.
- Take steps to verify any company which makes you a job offer, and check their contact details (address, phone number, email address and website) are correct, and whether they are registered in the UK.
- Don't respond to unsolicited job offers that arrive by email.
- Beware of companies offering substantial 'work from home' tasks requiring no experience.
- Never give your bank details to anyone unless you know them.
- No company should ask you to carry out international financial transactions for them, using your personal bank or building society account.
- Remember the old saying - if it looks too good to be true, then it probably is.
If you think you've been a victim of a money laundering scam using your Coventry account, call us on 0800 121 8899.