Level of Awareness and Understanding towards Money Mule Among Malaysian Citizens

• Published in: AIP Conference Proceedings
• Main Author: Ilyas I.Y.; Ridzuan A.R.; Mohideen R.S.; Bakar M.H.
• Format: Conference paper
• Language: English
• Published: American Institute of Physics 2024
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85192012824&doi=10.1063%2f5.0182575&partnerID=40&md5=4b9cf4fce1fd2f512dc2cfc59f52a198

Money mule is a bank account used by another person unknowingly or voluntarily by the owner of the account to obtain a reward or by fraudulent means for illegal or illegal financial transactions. Syndicates usually get these mule accounts (also known as surrogate accounts) by deceiving those who need extra income and have a low level of financial literacy. Among the frequent victims include housewives, unemployed, students and senior citizens. To enable the criminals, maintain anonymity and non-visible to the detection of law enforcement, money mules are positioned in the money laundering chain between actual criminal and illicit funds. Money mules are characters recruited by criminal networks to perform fund transfers by utilizing their accounts. Recruitment is done by offering a job with simple recruitment criteria and attractive income and rewards. This study will determine the level of awareness towards money mule and understanding towards the dangerous of money mule. In this research, both quantitative and qualitative approaches will be employed with surveys and interviews. © 2024 American Institute of Physics Inc.. All rights reserved.