Nearly a third (32%) of young adults may have unknowingly engaged in illegal “money muling”, a study has found – because 78% of them don't know what it is.
The criminal activity, which is a type of money laundering, involves accepting money into your bank account from an unknown third party, and transferring it to someone else, in exchange for the promise of being able to keep a “commission”.
The fraud is being masked as job adverts online offering a quick way to make money – but 59%, of 1,000 18-30-year-olds polled, were not aware that this could be illegal.
