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Money mule scams

Money mule scams happen when you let criminals use your bank account - knowingly or not.

Top tips to stay safe

 

Criminals might ask you to receive money into your account and then transfer it to another account.

 

  1. Be wary of unexpected offers: If someone offers you a quick and easy way to make money, especially if you don’t know them, it’s likely a scam.
  2. Keep your personal information safe: Avoid giving out your bank account details, passwords, or other personal information to anyone you don’t know and trust.
  3. Research job offers: If you’re unsure about a job offer, research the company online to check for complaints or negative reviews. Stick to well-known job sites.
  4. Talk to someone you trust: If you’re unsure about something, talk to a friend or family member. They can help you make the right decision. 
  5. Report suspicious activity: if you think you’ve been involved in a money mule scam, it's important to report it to the police or your bank right away for support and guidance. 

What are the risks of money mule involvement?

Even if you weren’t aware you were involved in a crime, being a money mule carries lots of risk.

  • Legal trouble: You could end up with a criminal record and face up to 14 years in prison.

  • Background checks: Jobs and universities check your background when hiring or admitting students. This could affect your chances of acceptance.

  • Professional licensing: Many jobs require licenses or certifications. A criminal record will make it difficult to obtain these. 

  • Bank account closure: Your bank may close your account, making it difficult to open a new one.

  • Credit problems: This can make it harder for you to get a loan, credit card, mortgage or even a phone contract in the future.

Other ways students are targeted by scammers