RSN™ Scam News: Over 1500 Money Mules Identified In Worldwide Money Laundering Sting

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RSN™ Scam News: Over 1500 Money Mules Identified In Worldwide Money Laundering Sting

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RSN™ Scam News: Over 1500 Money Mules Identified In Worldwide Sting

Strikes Across The World

  • 168 arrested, 1504 money mules and 140 organizers identified, as a result of the fourth European Action ‘EMMA 4’, a global law enforcement action week tackling the issue of money muling.
  • The action took place over the course of three months (September-November 2018).
  • 30 States took part in EMMA 4, alongside Europol, Eurojust, the European Federation, supported by more than 300 banks.
  • The joint money muling campaign #DontBeAMule kicks off today to alert the public to this crime.

Working together with EuropolEurojust and the European Banking Federation (EBF), police forces from over 20 States arrested 168 people (so far) as part of a coordinated money laundering crackdown, the European Money Mule Action (EMMA). This international swoop, the fourth of its kind, was intended to tackle the issue of ‘money mules’, who help launder millions of euros worth of dirty money.

Learn More About Money Mules Here »

Held over the course of the past three months (September-November 2018), this year’s edition of EMMA saw the participation of law enforcement agencies from Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Greece, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Australia, Moldova, Norway, Switzerland, the United Kingdom and the United States.

Across and beyond, 1504 money mules were identified, leading to the arrest of 168, and 140 money mule organizers. 837 criminal investigations were opened, many of them are still ongoing. More than 300 banks, 20 bank associations and other financial institutions helped to report 26376 fraudulent money mule transactions, preventing a total loss of €36,1 million. The wider community of global and European banks provided support where needed during the three months of action and committed to raising awareness in their country. Once again, this highlights the importance of a quick and coordinated response by law enforcement and the banking sector.

WHY DO PEOPLE HELP CRIMINALS LAUNDER MONEY?

Money mules are individuals who, often unwittingly, have been recruited by criminal organizations as money laundering agents to hide the origin of ill-gotten money. Tricked by the promise of easy money, mules transfer stolen funds between accounts, often in different States, on behalf of others and are usually offered a share of the funds that pass through their own accounts.

Newcomers to a State, the unemployed, and people in economic distress often feature among the most susceptible to this crime. This year, cases involving young people selected by money mule recruiters are on the rise, with criminals increasingly targeting financially-distressed students to gain access to their bank accounts.

While mules are being recruited via numerous routes, criminals are more and more turning to social media to recruit new accomplices, through the advertisement of fake jobs or get-rich-quick posts.

Although this may sound like quick and easy money — all it takes is a click to transfer money from an account to another — permitting a criminal group to use one’s bank account can have severe legal consequences. Mules may face lengthy imprisonments and acquire a criminal record that could seriously affect the rest of their lives, such as never being able to secure a mortgage or open a bank account

#DontBeAMule

To raise awareness of this type of fraud, the Money Muling Awareness Campaign #DontBeAMule kicks off today across Europe.

With awareness-raising material, available for download in 25 languages, the campaign will inform the public about how these criminals operate, how they can protect themselves and what to do if they become a victim.

For the next week, international partners from law enforcement and judicial authorities, together with financial institutions, will be supporting the campaign at the national level.

Do you think you might be used as a mule? Act now before it is too late: stop transferring money and notify your bank and your national police immediately.

Society of Citizens Against Romance Scams


RSN Team

a division of SCARS
Miami Florida U.S.A.

 

 

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FAQ: How Do You Properly Report Scammers?

It is essential that law enforcement knows about scams & scammers, even though there is nothing (in most cases) that they can do.

Always report scams involving money lost or where you received money to:

  1. Local Police – ask them to take an “informational” police report – say you need it for your insurance
  2. Your National Police or FBI (www.IC3.gov)
  3. The Scars Worldwide Reporting Network HERE or on www.Anyscam.com

This helps your government understand the problem, and allows law enforcement to add scammers on watch lists worldwide.

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Visit our NEW Main RSN Facebook page for much more information about scams and online crime: www.facebook.com/RSN.Main.News.And.Inromation.Home.Page

 

To learn more about SCARS visit www.AgainstRomanceScams.org

Please be sure to report all scammers HERE or on www.Anyscam.com

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SCARS/RSN™ RomanceScamsNow.com™™ is the official News Magazine of the Society of Citizens Against Relationship Scams™ Incorporated [SCARS]™ It is edited and published by the SCARS/RSN Team, a division of SCARS. SCARS is the world's leading anti-scam charitable nonprofit nongovernmental organization, based in Miami Florida U.S.A. Its founder has been involved in combating online fraud since 1991. SCARS™ - the Society of Citizens Against Relationship Scams Inc. is a charitable nonprofit nongovernmental organization (NGO) dedicated to advocating victim's causes and changing government and law enforcement attitudes toward online fraud for good! Please join us in becoming a member of SCARS - it's free! Add your voice so that the world will listen at last - just go to www.AgainstScams.org. The SCARS/RSN website and all of our publications (including social media) are maintained by our own staff employees and volunteers to provide you the most up to date information about scams & scammers from around the world. We show you how to avoid them or recover from them. SCARS is the only registered online crime victims' assistance & support organization in the world. Be sure to report scammers here. Also, visit our main Facebook page for more information about romance scams.
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