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Scams - Sponsor a Child Trafficker

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Scams - Sponsor a Child Trafficker
« on: October 26, 2019, 01:19:04 PM »
Warning: This video should only be shown to students mature enough to fully understand the message.

This campaign film looks at why criminals need ‘money mules’: people who allow their bank accounts to be used to launder money – a rising trend with devastating consequences.



https://www.cifas.org.uk/about-cifas/what-is-cifas

Using a money mule is a form of money laundering. It is one of the ways criminals can use to make their profits more difficult to trace. Usually it works by a money mule agreeing to share their bank details so that cash can be deposited into their account for them to follow instructions to send it into another bank account. Fraudsters often target people who don’t have a history of criminal activity to make these transactions seem less suspicious to banks. You won’t know where the money is coming from, or where it’s going, but it could be used to fund drugs, child trafficking or even terrorism.

What do the scammers promise?
To get people to agree to become money mules, fraudsters might lure you in with a promise of easy money for little to no effort.

Sometimes scammers use a dodgy “make money from your own home” job listing to advertise becoming a money mule. What potential money mules won’t hear, is how easy it is for a transaction like that to be held by your bank, and the potential consequences of being caught attempting to launder money.

How do you get caught?
Your bank is able to put a hold on your account if they notice anything unusual taking place, which is what happened to Holly when she tried to complete her money mule transaction. She was in a bank branch trying to withdraw the scammer’s money when the staff at the bank asked her for more details about the company who deposited the money into her account.

When she couldn’t convince bank staff that it was a legitimate transaction she had to leave the bank empty-handed. By targeting young people to act as money mules, criminals could be setting themselves up for failure by depositing suspiciously large amounts into accounts that usually don’t have much money in them. Activity like this would automatically be flagged by the bank’s fraud detection systems and a hold will be placed on the account.

What could happen if you get caught?
If you knowingly allow your account details to be used for fraud you could face a sentence of 14 years in prison. However, the Metropolitan Police say they are focussing on finding and prosecuting those who are using money mules rather than those who are conned into becoming one.

There are repercussions to acting as a money mule. Former mules have had their accounts shut down, and have found it difficult to open new ones. When they go to get a new account, loan or credit card the company is able to see a flag attached to their name and it could influence their decision to allow you to access credit or a new account.

What should you do if someone is trying to use you as a money mule?
If you get contacted through social media, then immediately report the account for illegal activity, and hopefully it’ll stop someone else falling victim in the future. You can also report suspected criminal activity to ActionFraud. Whatever you do, don’t share your account details with someone you don’t trust.
« Last Edit: October 26, 2019, 01:25:36 PM by Sara »
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Tags: scam money money mule 
 


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