Warning: money mule scams

[Max]

Banks and the Australian Federal Police (AFP) are warning university students about money mule scams when seeking holiday employment.

The Australian Bankers’ Association (ABA) and the AFP have prepared a fact sheet, ‘Warning to students – don’t get caught by mule scams’. It warns students of the scams which trap them into laundering money for criminals by becoming a money mule.

The fact sheet contains some useful tips on how to avoid these scams including being cautious about accepting job opportunities that offer you the chance of making money simply by moving money in and out of any bank account, never providing confidential banking details to anyone and taking steps to verify the background of any company or person that make you a job offer.

More tips can be read in the fact sheet at these websites:

Australian Bankers’ Association: http://www.bankers.asn.au/studentmule

Australian Federal Police: http://www.afp.gov.au