'Whatever you do, don't become a money mule'

New collaborative campaign highlights dangers of money laundering tactic

A new campaign is hoping to raise awareness about the dangers of becoming a so-called 'money mule'.

This is when someone receives money from a third party in their bank account and transfers it to another, or takes it out in cash and gives it to someone else, and then gets paid a commission for it.

It's a method of money laundering and vulnerable people are often targeted by scammers and organised crime groups in person or over social media and email.

You can find out more about the definition of a 'money mule' HERE.

The new awareness project is a collaboration between the Isle of Man Bankers Association, Financial Crime Partnership, Isle of Man Constabulary, and Cyber Security Centre.

Chris Till is the Secretary for the Isle of Man Bankers Association:

"If we stop one person being used as a money mule - and that multiplies - then that's better for the Island and keeps it as safe as possible." - Chris Till

Listen to the full interview with Mr Till via the Manx Radio Newscast below: