Payments Industry News

Personalize Your Experience

Don't Become a Money Mule!

Nacha's Payments Innovation Alliance, a membership program bringing together diverse global stakeholders, including ePayResources, who are seeking to transform the payments industry, has released a new tool financial institutions can use to educate their customers about money mules.

A money mule transfers or moves illegally acquired money on behalf of someone else. Criminals recruit money mules to help launder proceeds derived from crimes such as human and drug trafficking. While some money mules know they are supporting criminal enterprises, many others are unaware that they are helping criminals profit. 

This new infographic, developed by the Alliance's Consumer Financial Exploitation Project Team, presents seven key questions to help consumers determine if they have unintentionally been part of a money mules scheme. It also contains a section that financial institutions can customize with their contact information to facilitate reporting.  

Click Read More below to read the full press release and download the infographic.