Security at MeDirect
Money mule fraud
Never share your bank account or card details, including PINs or other security codes. Never give a third person access to your account.
What is money mule fraud?
Deceptive individuals recruit people to use their bank accounts or cards in exchange for payment. This allows them to move illegally obtained money, which might be deposited or withdrawn from your account. In some cases, the mule’s own account is emptied.
These scams often target young people with promises of quick cash. They require access to your bank account, card, PIN, or ask you to transfer/withdraw funds, essentially using you to launder money. Being a financial mule is illegal and makes you an accomplice in a criminal network, with serious consequences.
Tips to recognise / avoid “money mule” fraud
Promises of fast money
Offers of easy, quick cash in exchange for using your account or card.
Recruiters
Scammers target young people via social media, fake online ads, or in places like schools and train stations.
Unusual transactions
Large, rapid deposits into and withdrawals from your account.
What is money mule fraud?
Deceptive individuals recruit people to use their bank accounts or cards in exchange for payment. This allows them to move illegally obtained money, which might be deposited or withdrawn from your account. In some cases, the mule’s own account is emptied.
These scams often target young people with promises of quick cash. They require access to your bank account, card, PIN, or ask you to transfer/withdraw funds, essentially using you to launder money. Being a financial mule is illegal and makes you an accomplice in a criminal network, with serious consequences.
Lack of information
Vague or no explanation about the reasons for the transactions.
Threats
Scammers may use blackmail or threats if you try to stop.