Criminals are recruiting a rising number of teenagers to act as money mules to help them launder the proceeds of crime
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Banks are using the data, from fraud prevention body Cifas, to alert parents to the risks their children face.Sports clubs, schools and colleges are also key recruiting grounds for criminals who want to move money through accounts to make it look less suspicious to banks. The youngsters are given a cut for allowing their account to be used. Often they ask no questions over the source of the money.
If they are caught, they could face prison, as well as future difficulties with their finances, such as having their bank account closed and finding it difficult to apply for credit in the future."Have you ever held £2,000 at once in your hand?" That was the line used to tempt Holly into becoming a money mule.
Mike Haley, chief executive of Cifas, said:"The increasing use of social media means that young people have never been more vulnerable to becoming victims of fraud.
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