This is when fraudsters convince someone into allowing them to use their bank account to receive money made through illegal activities. Are you a money mule?

Fraudsters often trick people into letting them use their bank accounts to receive money from illegal activities-such as fraud, corruption, drug sales, smuggling, or even human trafficking. This tactic, known as money laundering, hides their identity by making transactions look legitimate.

If your account is used in this way, knowingly or not, you're considered a "money mule". Allowing someone to use your account for criminal transactions can lead to serious consequences, including criminal charges, jail time, and even being banned from getting credit or opening a bank account. Stay safe-never share your bank details or allow others to use your account!

Red flags

• Abusing your bank account: If someone asks to use your bank account to receive deposits and then asks you to transfer or withdraw the money for them, STOP. Even if it seems legitimate, avoid letting anyone use your account without knowing the money's origin.
• They have no bank account: They claim they can't open a bank account themselves, even though banks provide alternate payment solutions for non-account holders. Always question why someone would need to use your account instead.
• Reward for the favour: They offer you money or a reward for 'helping' with their transactions, either as a one-time favour or on a regular basis.
• Access to your card/PIN: They ask for your card or PIN, which would allow them to access or duplicate your card to withdraw funds from your account.
• Repeated requests: They make repeated requests to use your account for deposits or withdrawals.

If you have any doubts about where the money may come from, or if the transaction appears suspicious, report it to your bank and confirm the details immediately.

Stop. Think. Don't get scammed!