'It's J1 planning season but for many young people, a criminal conviction for 'money-muling' could mean restrictions to travel, ruining that opportunity.
Being naive is not a defence. Money muling through your bank account is a crime, which can result in a criminal record'. -
The practice of fraudsters recruiting students and young people as 'money mules' is on the increase with much recruitment done through social media. Criminals are increasingly recruiting people as young as 14 to help launder stolen or illegal money using their bank account.
'Money mules' receive stolen money into their account, then transfer it to another account, usually overseas, and keep some of the cash for themselves as payment or withdraw the cash and pass it on to the money mule recruiter.
'We understand the temptation, but we are urging students and young people to be very clear on the consequences. Allowing your bank account to be used in in this way is a criminal offence carrying potentially very serious consequences. It's J1 season but a criminal conviction for money muling could mean restrictions to travel, ruling out that opportunity out for students.
'If you allow your account to be used, it will be reported to Gardai and your account will be closed. Gardai may arrest you or search your home. If you're charged, you may have to appear in court, and it could have implications for getting bank loans, visas, or jobs in the future.
'We are reminding young people that the use of bank accounts for illegal activity can have longer term impacts. Being naive is not a defence. Money muling through your bank account is a crime, which can result in a criminal record.'
Beware of requests to make quick and easy money.
Beware of job advertisements that might seem genuine but promise a quick and easy way to make money, and simply ask that you have a bank account.
Don't be tempted to allow your own bank account to be used to move money to other accounts.
Always verify any 'working from home' opportunities to make sure that the business is legitimate, such as by checking their contact details (address, landline phone number, email address and website).
Remember that moving stolen money is illegal and can have serious consequences.
For information on money mules and fraud protection, visit
Further advice/information: www.garda.ie for crime prevention advice and contact details of local Garda Stations.
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