What is a money mule?
If you’ve ever seen a job advert which seemed too good to be true, you might have missed the opportunity of a lifetime – or you could have just narrowly avoided being a money mule.
Money mules are often normal people who are unwittingly helping criminals make a living by helping them launder money. The people who work as money mules are often taken in by job ads offering them the chance to work from home as ‘payment officers’ or ‘finance assistants’, earning large sums of money per week – but what they don’t know is the cash they’re earning is a commission on the money they’re transferring.
Here’s how to spot a fake job offer, what’s going on behind the scenes when you work as a money mule – and what will happen to you when you get caught.