Episode 15: Money Mules

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The UKFIU Podcast

UK Financial Intelligence Unit

25 episodes

3 days ago

The UK Financial Intelligence Unit (UKFIU), housed within the National Crime Agency, has national responsibility for receiving, analysing and disseminating financial intelligence submitted through the Suspicious Activity Reports (SARs) regime. SARs alert law enforcement to potential instances of money laundering and terrorist financing and are a vital source of intelligence, not only on economic crime but on a wider range of criminal activity. These educational podcasts are part of the UKFIU’s new digital presence delivering a smarter approach to fighting crime, in line with UKFIU priorities of reducing harm, protecting the integrity of the UK economy and ensuring that there are no safe spaces for economic crime or terrorism financing.

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Episode 15: Money Mules

The UKFIU Podcast

20 minutes 5 seconds

2 years ago

Episode 15: Money Mules

In this episode, panellists from the National Crime Agency (NCA) and National Economic Crime Centre (NECC) discuss the issue of money mules, including key indicators of money muling, types of money mules and strategies used to recruit potential money mules.

For the subtitled version of this episode go to: https://youtu.be/bTSKvCIYq90

Acronyms used in this podcast:

SARs: Suspicious Activity Reports

Time Stamps:

00:11 Introduction

01:09 Money muling explanation

02:27 Money mule account explanation

04:19 How big a problem is money muling and how much is laundered via this?

06:28 Types of money mule account holders

09:31 How are money mules recruited?

11:08 The demographics of money mules

12:49 The difficulty in disrupting money muling

15:13 Key money mule indicators for SAR reporters to watch out for

18:34 Closing statement