AFP warns of bizarre money mule crime wave

‘Money Mules’ Warned Against Loaning out Their Bank Accounts

Criminals seeking a way to launder the proceeds of their crimes are involving Australians in serious offending and paying them as little as $200 (US$130) for taking on the risk. Money mules—people who, knowingly or not, are recruited by criminal syndicates to transfer money in and out of their personal bank accounts—are the target of a joint effort by the Australian Federal Police (AFP) and Australian Bankers Association (ABA), who warn that the…

'Money mules' loaning bank accounts to help crooks launder millions

"Money mules" renting out their bank accounts are helping criminals launder millions of dollars in Australia.The Australian Federal Police and the Australian Banking Association are urging Australians to not share their banking details or loan their account out, as they step up efforts to curb this criminal activity.Money mules are people who – knowingly or unknowingly – are recruited by criminal syndicates to transfer illicit money in and out o…

Has someone asked to 'rent' your bank account?

Last year, around $142 million was lost to scammers through bank transfers in Australia. (Jono Searle/AAP PHOTOS) By Savannah Meacham Don’t let cybercriminals turn your bank account into a money mule. That’s the warning from authorities who have issued a major alert to bank customers, some of whom have been taking payments of as little as $200 to share their details. Money mules are people who are knowingly or unknowingly recruited by criminal s…

AFP warns of bizarre money mule crime wave

Australians have been given a bizarre warning with police urging people to stop renting out their bank accounts to criminals.

Man allowed bank account to be used to defraud in student accommodation scam

A man who allowed his bank account to be used as part of a scheme to defraud people looking for student accommodation in Limerick has been handed a suspended two-year prison sentence, reports Eimear Dodd. Having heard facts in the case in May 2024, Judge Sarah Berkeley told Martin Awoke (26) that she would adjourn […]

Australian National Review - ‘Money Mules’ Warned Against Loaning out Their Bank Accounts

Cash is withdrawn from an ATM in Brisbane, Australia, on Dec. 4, 2024. (AAP Image/Jono Searle) NO ARCHIVING Criminals seeking a way to launder the proceeds of their crimes are involving Australians in serious offending and paying them as little as $200 (US$130) for taking on the risk. Money mules—people who, knowingly or not, are recruited by criminal syndicates to transfer money in and out of their personal bank accounts—are the target of a jo…