MONEY MULING EXPANDS – EASY MONEY, FOR LITTLE RISK, WITH NO OBVIOUS VICTIM
June 12th, 2023
The use of money mules moving dirty money worldwide continues to grow, with law enforcement, financial institutions and researchers continuing to highlight the problem. In the UK, 31,979 money mule cases were recorded in 2017; rising to 40,129 in 2018; 42,900 in 2019; and 40,353 in 2020; according to 2022 research published in the International Journal of Business and Economy (1).
Mules will move money by cash, crypto and standard electronic banking and in that regard, more mule accounts are being discovered by banks, judging by a UK-based Lloyds Bank paper ...
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