Money Mule

Overview

A money mule is a person who transfers or moves illegally acquired money on behalf of others, often without realizing they are involved in crime. Criminals exploit money mules to disguise the origin of illicit funds and move money across borders. Some individuals are recruited knowingly, while others are tricked through job scams or fraudulent opportunities.

Regulators and banks actively monitor mule activity to prevent money laundering and fraud. Financial institutions track unusual account activity, such as rapid inflows and outflows, to detect mules. Raising customer awareness is equally important, as unsuspecting individuals may become part of criminal schemes.

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