What is a money mule?
A lot of the criminals behind phishing and trojan scams are located overseas so they often find it difficult to make cross-border money transfers. To obtain the money they’ve stolen, they need a "money mule" to launder the funds.
After being recruited, money mules receive funds into their accounts and they then withdraw the money and send it overseas, minus a certain commission payment.
Money mules are recruited by a variety of methods, including:
- spam emails
- adverts on genuine recruitment web sites
- instant messaging
- ads in newspapers
Positions on offer sometimes include "UK Representative", "Shipping Manager" or “Sales Manager". They offer you the chance to earn some easy money for a few hours work each week, usually just requiring that you have access to the Internet.