EU law enforcement agency aims to raise awareness about money laundering and its criminal implications
Europol has announced that the law enforcement agency along with its international partners have launched an awareness campaign against money laundering. According to a press release issued by Europol on Monday, December 5, the campaign commences this week and has been organized along with the European Banking Federation and financial institutions.
The #dontbeamule campaign is available in over 26 different languages and aims to inform the public about how money laundering happens and what are its criminal implications. It also discusses as to how they can recognize the signs and what to do if they become a target.
The campaign starts by asking the public, “if they have ever been asked to help transfer money by a friend or love interest”. It then asks, “has someone offering a way to make easy money or have you met someone claiming to need help as they can’t use their own bank account?”
It adds, “If yes, you may have been talking to a money mule recruiter – and if you did what they asked, you may have committed a crime”.
The campaign also explains that money mules are a significant part of the money laundering landscape. This “enables criminals to swiftly move funds across a network of accounts, often in different countries”, the campaign states, according to the report.
The report also said, the use of money mules is especially widespread in cybercrime, as the mules transfer the proceeds from their jurisdiction to the criminal’s home country.
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