UK: Money mules’: Rising numbers are in middle age

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June 18 2019

Middle-aged people are increasingly being lured into becoming “money mules” and their bank accounts used to launder proceeds of crime, a report suggests.

More than 40,000 cases which “bore the hallmarks” of money mule activity were reported to UK fraud prevention service Cifas last year, up 26% on 2017.

The largest rise – 35% – was among those aged between 41 and 60.

It is believed fraudsters target people without a criminal background, in the hope payments go unnoticed.