Equifax created this latest infographic to educate the public around the dangers of money mules. A money mule is someone who is paid to transfer stolen money through their own bank account by criminals who are attempting to launder the profits of their crimes. The money mule threat remains to be an ongoing issue within the UK as the latest Cifas report found that in 2018, organisations reported over 40,000 cases of fraudulent abuse of bank accounts that bore the hallmarks of money mule activity and cases involving mule activity generally were up by 26% in 2018 compared with 2017.
The infographic will sit within the Equifax ‘Knowledge Centre’ which serves as an informational hub. The Knowledge Centre covers a variety of financial categories from sorting your debts to boosting your credit score and learning how to budget, everything you need to know to keep your finances in check. You can view the full infographic here: https://www.equifax.co.uk/resources/identity_protection/money-mules.html
