Role of money mules in money laundering and financial crimes a discussion through case studies

Muhammad Subtain Raza, Qi Zhan and Sana Rubab

Journal of Financial Crime, 2020, vol. 27, issue 3, 911-931

Abstract: Purpose - This paper aims to explain the role of money mules in money laundering and financial crimes through the discussion of case studies. The authors also explain the red flags of money mules and provide advice. Design/methodology/approach - The authors use a case analysis approach. The paper mainly discusses ten cases about the use of money mules in financial crimes. Findings - It has been found that money mules help criminal syndicates to remain anonymous while moving funds around the world. The unemployment, internet usage involvement of teenagers and youth in money laundering-related crime around the world are on a rising trend, and criminals are constantly looking for their victims by exploiting their mental and financial condition. Originality/value - This paper provides case studies to understand the role of money mules in money laundering and financial crime.

Keywords: Case study; Money laundering; Financial crime; Money mule (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-02-2020-0028

DOI: 10.1108/JFC-02-2020-0028

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