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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.

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