Article Preview: Fraud prevention body Cifas has issued parents with a stark warning, with a growing number of teenagers are recruited as ‘money mules’. According to Cifas, there’s been a 78% increase in the number of reported cases of 14 to 18-year-olds who are using their bank accounts to launder the proceeds of crime. It means 5,819 cases were reported in the past two years. Teenagers are often recruited to act as money mules via social media channels.
Teenagers fall into the money mule trap
This 493 word blog post discusses the latest warning that more and more children are being used to launder money through their bank accounts. Written on 18th September 2019.
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