If you are letting other people use your bank account you could be considered a money mule and face criminal charges.
The increase in money mule schemes and fraudulent accounts is driving the need for education around using bank accounts safely and being aware of scams.
“There’s a risk that you may be helping criminals to commit crimes and hide the money they have illegally obtained, something that could see you being arrested for being a money mule and can also damage your credit and financial standing,”
George Wandsella – head of enterprise, risk and fraud TymeBank
To read the full article visit Bizcommunity’s article, ‘TymeBank cautions consumers about mule accounts‘.
