European Money Mule Action (EMMA 5) leads to 228 Arrests

The 5th European Money Mule Action (EMMA 5) resulted in 228 arrests.  3833 money mules were identified alongside 386 money mule recruiters. 1025 criminal investigations were opened, many of them still ongoing.  Money mule schemes rope in victims who are often unaware that the money they are sending is part of an elaborate money laundering scheme.

EMMA 5, which ran from September to November 2019, was driven by Law enforcement authorities from 31 countries, supported by Europol and Eurojust.  Supported by the European Banking Federation (EBF), over 650 banks, 17 bank associations and other financial institutions helped to report 7520 fraudulent money mule transactions, preventing a total loss of €12.9 million.

Europol and Eurojust organised various operational and coordination meetings in The Hague to discuss the unique approach of each Member State to tackle money muling in their respective country. During the three-month action, Europol supported the operations by assisting the national authorities with cross-checks against Europol’s databases and intelligence gathering for further analysis, while Eurojust contributed to the swift forwarding and facilitation of the execution of European Investigation Orders.

WHAT ARE MONEY MULES?

Money mules, unlike their drug-trade counterparts, are not shuffling illicit goods over a physical border. Instead, they take part – often unknowingly – in money laundering activities by receiving and transferring illegally obtained money between bank accounts and/or countries. Recruiters of money mules are coming up with ingenious ways to lure in their candidates. This year, cases involving romance scams were reported on the rise, with criminals increasingly recruiting money mules on online dating sites, grooming their victims over time to convince them to open bank accounts under the guise of sending or receiving funds. Criminals are also more and more turning to social media to recruit new accomplices through get-rich-quick online advertisements. This technique is particularly popular when it comes to targeting students and young adults.

DON’T BE A MULE!

Even if money mules act unwittingly, they are committing a crime. Law enforcement will turn first to whoever’s name features on the bank account, and the legal consequences can be severe. Depending on the country’s legal framework, mules may face lengthy imprisonments and acquire a criminal record that could seriously affect the rest of their lives, such as never being able to secure a mortgage or open a bank account.

Raising awareness of the issue is vital and the Europol website provides key information on Money Muling and how to prevent it.  The Europe-wide money muling awareness campaign #DontbeaMule started yesterday. With awareness-raising material, available for download in 25 languages, the campaign informs the public about how these criminals operate, how they can protect themselves and what to do if they become a victim.

Following on from EMMA 5, and for the next week, international partners from law enforcement and judicial authorities, together with financial institutions, will be supporting the campaign at national level.

Do you think you might be used as a mule? Act now before it is too late: stop transferring money and notify your bank and your national police immediately.


The EAST Payments Task Force (EPTF) provides a public/private sector platform which focusses on raising awareness of payment crime issues and related factors such as money muling.

 

Money Mule Arrests in Europe-wide Action

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From 22  to 26 February 2016, law enforcement agencies and judicial bodies from Belgium, Denmark, Greece, the Netherlands, the United Kingdom, Romania, Spain and Portugal – with further support from Moldova and other countries – joined forces in the first coordinated European action against money muling.  The operation was also supported by Europol, Eurojust and the European Banking Federation (EBF).

Money mules are individuals recruited by criminal organisations to receive and transfer illegally obtained money between bank accounts and/or countries.  Through the money mules, the criminals gain access to the stolen goods or funds without revealing their identity. These fraudulent schemes are often advertised through online postings and social media as seemingly legitimate job opportunities.

During the week, Europol’s European Cybercrime Centre (EC3) and the Joint Cybercrime Action Taskforce (J-CAT), together with Eurojust and the EBF, provided operational and analytical support to the involved partners.  As a result of the operation, nearly 700 money mules were identified across Europe and 81 individuals were arrested after 198 suspects were interviewed by law enforcement agencies.   With the support of over 70 banks, significant financial losses were discovered and prevented, and over 900 victims of this crime were identified. More than 90% of the reported money mule transactions were linked to cybercrime (typically the illegal funds come from phishing, malware attacks, on-line shopping/e-Commerce fraud, payment card fraud, sophisticated Nigerian on-line fraud, and others).

The European Money Mule Action (EMMA) is a pilot operational project under the flag of EMPACT Cybercrime Payment Fraud Operational Action Plan, designed to combat online and payment card fraud. EMMA is modelled after a Dutch example successfully employed in recent years in the Netherlands. This action builds upon the effective partnership between the police, the prosecution and the banking sector at the national as well as the international level.