Role of money mules in money laundering and financial crimes a discussion through case studies
ISSN: 1359-0790
Article publication date: 10 June 2020
Issue publication date: 25 October 2020
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
Acknowledgements
This work is supported by National Social Science Foundation of China Project “Study on Regulation Capture and Chinese Solution of International AML Regime from Global Governance Perspective” (17BGJ020).
Citation
Raza, M.S., Zhan, Q. and Rubab, S. (2020), "Role of money mules in money laundering and financial crimes a discussion through case studies", Journal of Financial Crime, Vol. 27 No. 3, pp. 911-931. https://doi.org/10.1108/JFC-02-2020-0028
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited