Money Muling: Exploring Risk and Educating Young People

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Ross Savage Experienced financial crime compliance trainer and consultant
Webinar 57min

The webinar provides you with insight on the prevalence of money muling in young people: explaining what it is, how it occurs and what the consequences can be. It then offers strategies through which schools can mitigate the risk of their pupils becoming involved in this type of financial fraud.

CPD Certified

For: Leaders, teachers, teaching assistants, support staff, governors, trustees

Aim: The webinar provides you with insight on the prevalence of money muling in young people: explaining what it is, how it occurs and what the consequences can be. It then offers strategies through which schools can mitigate the risk of their pupils becoming involved in this type of financial fraud.

Rationale: Banks and law enforcement agencies in the UK have recently warned young people about the possibility of being exploited as a ‘money mule’: moving criminals’ cash between accounts to avoid detection by the police. According to one industry body, the number of 14–18-year-olds misusing their bank accounts in this way has leapt by an alarming 73% over the past decade, which means schools must equipped with the relevant knowledge and skills in order to safeguard students.