The Daily Telegraph

Under-30s being lured into money mule activity


A sharp increase in money mule cash laundering involving the under-30s has been identified during the first half of this year.

Money mules are paid by criminals to launder cash, and many do not realise they are involved in criminalit­y.

Figures given to the BBC’S Crimewatch Live show a 78 per cent increase in accounts belonging to people aged under 21 bearing the hallmarks of money mule activity and a 76 per cent rise among those for people aged 21 to 30.

The figures, provided by the not-for-profit fraud prevention group Cifas, compare January to June 2021 with the same period in 2020.

Newspapers in English

Newspapers from United Kingdom