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Children and young adults: the next-generation money mules

According to Cifas, a nonprofit fraud prevention organization based in the United Kingdom, more than 8,500 cases of bank account misuse have been filed against 18- to 24-year-olds between January and September 2017. Cifas has linked the account abuse to an uptick in young people acting as money mules,  allowing their bank account to be used in order to facilitate the movement of criminal funds. … [Read more...]