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Transaction Handling Agent

Transaction Handling Agent

A big pile of australian 100 dollar notesMoney launderer’s have come up with a new name for a money mule – a “transaction handling agent”.

Various emails are now offering a position as a “transaction handling agent”, earning $1200 to $1400 a week.

The position only requires you to work one to two hours a day, Monday to Thursday. The only requirement you need is to check your email three or four times a day.

Sounds too good to be true! It is! This is a money laundering scam. The scammers want you to act as a “money mule” to transfer illegally gained money.

Scammers have used various terms like “payment processing manager” or “financial manager” to mask their true intent.

The scammers want you to accept money into a bank account. Often the money has been stolen from other people’s bank accounts via the Internet. Scammers use Trojan and key logging viruses to capture your online banking details. Once you receive the money, you take your 10% cut and wire transfer the rest to a pre-arranged overseas destination.

Be warned:

  • There are laws against money laundering and you could be prosecuted.

  • The scammers can work for major organised crime syndicates – do you really want to be involved with these people?

  • When your bank traces the stolen money to your account, they will reverse the credit and could hold you liable to repay the money.

If you do get involved and accept money into your bank, immediately contact your bank for assistance.

www.banksafeonline.org.uk/spotting_scams.html is the website for the United Kingdom’s banking industry and provides an up-to-date list of other money mule scams.