MONEY MULE

• Fraudster contacts individuals through emails/job websites/blogs and convinces the customer to receive money into their bank accounts in exchange for attractive commissions.
• The fraudster then transfers illegal money into the account of the money mule (customer).
• The money mule is directed to transfer money into the account of another money mule. This creates a chain that ultimately leads to the money getting transferred to the fraudster’s account.
• When such incidents are reported, the money mule becomes the target of police investigations, due to their involvement.

Security measures:

• Do not respond to messages that promise lucrative opportunities in the form of jobs, commissions, or lottery.
• Always monitor your bank account for any suspicious withdrawals or deposits.
• Monitor the transactions, including checking for withdrawals from your bank account and tracking an order.
• If you believe that you are participating in a money mule scheme, stop transferring money/merchandise immediately and notify the appropriate authorities. These authorities may include your bank, the service you used to conduct the transaction, and law enforcement.
• Note that even if you have nothing to do with the actual theft of funds from the bank account of another person, allowing your account to be used for such movement of funds is illegal and is considered against security best practices.

Always remember Jo Satark, Wohi Surakshit!