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The Independent UK
The Independent UK
Business
Vicky Shaw

Rise in middle-aged money mules as more account closures linked to people in 40s

Money mules help to move or disguise funds created from criminal activities (Dominic Lipinski/PA) - (PA Archive)

Criminals are still shifting dirty money through money mule accounts despite hundreds of thousands of suspect accounts having been shut down in recent years, the City regulator has said.

A review by the Financial Conduct Authority (FCA) found that firms have been closing an increasing number of suspected mule accounts.

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