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What is a money-mule scam?

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  • Videojug
  • Videojug
  • 9:24
  • Yes
  • 360p
  • 640x360
  • Flash
  • h.264
  • 900kbps

What is a money-mule scam?

Jemma Smith (Head of PR - APACS) gives expert video advice on: Is it safe to use my card to purchase over the internet?; What is being done to stop phishing?; What do I do if I think I have disclosed my personal security details on a phishing site? and more...

A money-mule is the host of the stolen funds in the UK on online banking fraud. So they are accepting the money for then, typically, wiring overseas. As such, it's an illegal activity and somebody doing this, even if they say that they weren't aware of the facts, is liable for prosecution.

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