Exploitation: ‘Money Mules’

Please be aware that criminal gangs are continuing to recruit vulnerable young people as ‘money mules.’

The gangs pay the young person a small amount of money to allow them to use their bank account. This is money laundering, which is illegal.

We have also heard that gangs are asking young people for their National Insurance numbers. They use these, with other personal information, to set up fake companies and access business loans and government loans.

Ultimately, the young person will become liable for the repayment of the loans and unpaid business tax. They may also face fraud charges and their credit rating will be badly affected too.

If you are caring for a teenager, please discuss this risk with them. Help them to understand about personal information, and the dangers of allowing other people to use their bank account.

Please report any concerns to your ISP centre.