What it is?
A bank account that is exploited by a third party or fraudster to receive or transfer funds that are potentially stolen, laundered, or associated with illegal activities.
How it works?
1. Scammers may approach you with a seemingly innocent request to 'rent' your bank account, promising easy money.
2. You may receive a very attractive job offer that seems too good to be true. Part of the offer involves registering a new bank account and handing over the ATM card or online banking credentials.
3. Some illegal or unlicensed money lenders may ask for your ATM card as collateral during the loan application process.
What do I do?
1. Never accept job offers or rewards that seem too good to be true in exchange for using your account. Verify the legitimacy of the company and job offer before sharing any information.
2. Never share your banking details, such as your ATM card, PIN, or online banking credentials, with anyone.
3. Check the recipient’s account number at the Semak Mule webpage.