Bank: Young people can engage in money laundering without even suspecting it
Luminor Bank warns that young people are increasingly allowing their bank accounts to transfer money of unknown origin in order to make a profit. Not suspecting people can get into troubles with the law, helping to deceive the authorities, BNS reports.
According to Luminor Bank to combat the fraud of Weiko Kike, in recent months the problem of one of the so -called money laundering schemes has become relevant. As he clarifies, young people are convinced to allow their bank accounts (sometimes accounts in several different banks) to move money.
“After the young man was convinced and persuaded, large amounts of money are beginning to arrive at his expense, and they need to quickly transfer it,” Kike explained.
According to him, such money is usually transferred to cryptocurrency or withdrawn in cash. The owner of the account, a “monetary mule”, in return is offered a small commission. By virtue of his conscientious desire to earn money, a young man can, not knowing it himself, help to put into circulation the money received by criminal means, and thereby commit a crime.
Although this is a prohibited activity that can be punishable, the “monetary mules” themselves may not be aware that what they do is somehow wrong or illegal. “Fraudsters tell young people a beautiful and convincing story, and they take everything behind a pure coin, do not ask critical questions, do not think over the entire chain of actions and do not think about possible consequences. Usually this is the money of victims of other fraud – for example, people who have lost all their savings,” Kike added.
“A sentence of quick profit in any way is usually a sign of fraud, when in the end you lose the promised reward for“ work ”and, possibly, your own money. The fraudster remains a fraudster and, most likely, is associated with fraudsters and international criminals who will be happy to“ throw ”such a desire to earn quickly if there are problems. This means that a simple way to earn money can destroy your future, and find a real work, to find a real work, it It will not be as simple as it would be to earn a living as it would be before you got into a scam, ”says Hannes Celtic Cyber and Economic Crimes, the head of the cyber and economic crimes.
According to Celt, banks and police in cooperation with foreign colleagues make efforts to stop the activities of scammers, but they catch criminals in Estonia. For example, on February 19 of this year, a 83-year-old woman was called a person who introduced himself as a police officer and said that there were suspicious operations on the bank account.
It was argued that in order to catch criminals, the victim must approach an ATM, remove 2000 euros in cash, and then the police would come for them. The woman realized that this was fraud, and immediately reported to the police. The police arrested a 26-year-old man as a suspect.
According to the expert of the Luminor Bank to combat the fraud of Weiko Kike, people who experience financial difficulties are mainly recruited. Among the target groups are recent migrants, unemployed, students and people aged twenty years.
Kiik emphasized that the data of his bank account should not be informed to third parties or blindly agree to sending money of unknown origin. Suspicious emails and links should be avoided. In particular, be attentive to unexpected work proposals. Always check the information about the employer before starting cooperation, especially when it comes to a foreign company.
“Fraudsters can simulate a website and a web address of a real company to create a reliable impression. Although outwardly everything may seem correct, fake sites are relatively minimalist and limited in functionality. It is also important to pay attention to the web address, since the creators of fake sites use various tricks, a little distorting the words, but the differences will always be found,” says Kiik.
“If you have at least the slightest suspicion that you are involved in the money laundering scheme, immediately stop making transfers. Report it to your bank, the service supplier through which the transaction was carried out and the police,” he said. “Sooner or later, the money laundering will attract the attention of banks.”
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