Money Muling Prevention
More than 90% of the "Money Muling" transactions identified in Europe are related to cybercrime. The money often originates from criminal activities such as phishing, malware attacks, online purchases or payments fraud, romance schemes, among others.
What is Money Muling?
Money Muling is a form of money laundering. A "Money Mule" is someone who receives money from a person or entity into their bank account and transfers it to another account or withdraws it and gives it to a third person or entity, obtaining a benefit in return.
Even if the "Money Mules" are not directly involved in the crimes that result in obtaining the money (cybercrime, online fraud and payments, drugs, human trafficking, etc.), they are accomplices, since they have collaborated in the "laundering" of those funds. That is, Money Mules help criminal networks remain anonymous while transferring money around the world.
If you think you are being used as a "mule" act now before it is too late: stop transferring money and inform your bank or the police immediately.
Protect yourself against Money Muling
Please consult the Europol website for more information: www.europol.europa.eu/EMMA