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830 money mules identified in...

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830 money mules identified in Ireland

RedFM News
RedFM News

11:53 26 Oct 2022


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830 money mules have been identified in Ireland, according to the Gardaí.

More than €12 million was transferred illegally through so-called "money mule" accounts in the first six months of the year.

Around €4,000 was the average sum that moved through the accounts.

Head of Financial Crime at the Banking and Payment Federation, Niamh Davenport, says often it's young people who are targeted:

"It is dirty money that's been laundered through or from fraudulent people, innocent people who are victims of fraud, it's their money that's going through these bank accounts. So it's really a lot of them know they're being recruited on that with the younger generation or being recruited on Snapchat or TikTok. We've heard of even cases where people are approached outside of schools and they're just asked, Can we use your bank account?"


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