Criminals may ask you to receive money into your bank account and transfer it into another account, keeping some of the cash for yourself. If you let this happen, you’re a money mule. You’re involved in money laundering, which is a crime.
You might be approached by criminals online or in person. They might post what looks like a genuine job ad, then ask for your bank details.
Once you become a money mule, it can be hard to stop. You could be attacked or threatened with violence if you don’t continue to let your account be used.
Don’t Be Fooled by offers of quick cash.
Criminals need money mules to launder the profits of their crimes. Mules will usually be unaware of where the money comes from – fraud, scams and other serious crime – or where it goes.
Watch this film to see the devastating crimes you enable by acting as a money mule.
When you’re caught:
Your bank account will be closed.
You will find it hard to access further student loans.
It will be difficult to get a phone contract.
You will have problems applying for credit.
You could go to prison for up to 14 years.