How criminals are using social media to prey on Britain’s young and struggling ‘covid generation’ to launder money - AML Intelligence
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How criminals are using social media to prey on Britain’s young and struggling ‘covid generation’ to launder money

Using social media to recruit money mules

With an overall 40,353 suspected cases for all age groups in 2020, the ‘covid generation’ of 21 to 30-year-olds alone represent 42 per cent of money mule activity.

By Vish Gain for AMLi

AN INTRICATE SYSTEM of recruiting money mules from Britain’s ‘covid generation’, 21 to 30-year-olds who have been worst hit by the pandemic, has seen steep growth over the past year compared to previous years, according to data from UK fraud prevention service Cifas.

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