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Role of money mules in money laundering and financial crimes a discussion through case studies

Author

Listed:
  • Muhammad Subtain Raza
  • Qi Zhan
  • Sana Rubab

Abstract

Purpose - This paper aims to explain the role of money mules in money laundering and financial crimes through the discussion of case studies. The authors also explain the red flags of money mules and provide advice. Design/methodology/approach - The authors use a case analysis approach. The paper mainly discusses ten cases about the use of money mules in financial crimes. Findings - It has been found that money mules help criminal syndicates to remain anonymous while moving funds around the world. The unemployment, internet usage involvement of teenagers and youth in money laundering-related crime around the world are on a rising trend, and criminals are constantly looking for their victims by exploiting their mental and financial condition. Originality/value - This paper provides case studies to understand the role of money mules in money laundering and financial crime.

Suggested Citation

  • Muhammad Subtain Raza & Qi Zhan & Sana Rubab, 2020. "Role of money mules in money laundering and financial crimes a discussion through case studies," Journal of Financial Crime, Emerald Group Publishing Limited, vol. 27(3), pages 911-931, June.
    • Handle: RePEc:eme:jfcpps:jfc-02-2020-0028
    DOI: 10.1108/JFC-02-2020-0028
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    Citations

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    Cited by:

    1. Stuart S. Yeh, 2023. "The Anticorruption Protocol to the United Nations Convention against Corruption Beneficial Owner Rule," Laws, MDPI, vol. 12(6), pages 1-133, October.
    2. Ogbeide, Henry & Thomson, Mary Elizabeth & Gonul, Mustafa Sinan & Pollock, Andrew Castairs & Bhowmick, Sanjay & Bello, Abdullahi Usman, 2023. "The anti-money laundering risk assessment: A probabilistic approach," Journal of Business Research, Elsevier, vol. 162(C).

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