Money mule
Definition
A person who receives fraudulently obtained funds into their bank account and transfers them onward, taking a commission. Mules may be witting (actively recruited) or unwitting (deceived through romance or job scams). They form the cash-out layer of the fraud chain.
Related terms
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- Business Email Compromise (BEC)
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- Card-not-present (CNP) fraud
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- Phishing
- A mass deception attack delivered by email, SMS (smishing), or voice call (vishing) in which the attacker impersonates a trusted entity to...
Explained in
- Online Fraud and Financial CybercrimeA person who receives fraudulently obtained funds into their bank account and transfers them onward, taking a commission. Mules may be witting (actively recrui...