Overview

• A Virgin Money survey reveals 21% of UK adults have been approached to act as money mules, often through social media or personal networks.
• Gen Z is disproportionately targeted, with 23% reporting direct solicitation to launder money in exchange for cash or rewards.
• Over half of those approached are unaware that money laundering carries up to a 14-year prison sentence and other severe repercussions.
• Criminals use mules to launder proceeds from serious crimes like sex trafficking, human trafficking, and fraud, making detection harder for authorities.
• Financial institutions and law enforcement are intensifying public awareness campaigns to educate potential targets and deter participation.