Students warned not to get involved in money laundering

February 26, 2013 | DUSA The Union
Money
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Fraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters.

They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime.

The study was carried out by Financial Fraud Action, which tackles fraud on behalf of banks.

It said that students and jobseekers could be especially vulnerable.

Some 19% of students who had been approached had agreed to become money mules.

Read the full story on http://www.bbc.co.uk/news/business-21578985

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