Money Mule is a New Fraud | How to Safe Your Money from Fraudsters
Money Mule is a term used to describe innocent victims who are duped by fraudsters into laundering stolen/illegal money via their bank accounts. They allow someone to use their Bank Accounts to transfer fraudulent money, and in return, they get a small commission. Some Money Mules are aware of their fraudulent practices and involvement in criminal activity, while others are unaware of the situation that they are unknowingly helping and assisting fraudsters as mediators in money laundering schemes and fraudulent activities.