Money mule

Also: mule account · drop account

A person whose bank account is used to receive and move criminal proceeds, whether knowingly, unwittingly, or under coercion.

Mules are the seam between a scam and the laundering that follows it. Money leaves a victim’s account and has to land somewhere that a bank will not immediately freeze, and mule accounts are that somewhere.

Most mules are recruited, not born criminal. The recruitment pitch is usually a job — “payment processing”, “financial agent”, “work from home” — and sometimes a romance. Others are coerced, and a growing number are students and new arrivals whose accounts are rented for a fee. Being a mule is a criminal offence in most jurisdictions regardless of whether the person understood what they were doing, which is why “they said it was legitimate” is not the defence people expect it to be.

Where it shows up

On the laundering side

how mule networks are structured on our sibling site, Clean on Paper.

See also: Pig butchering