Role of money mules in money laundering and financial crimes a discussion through case studies
ISSN: 1359-0790
Article publication date: 10 June 2020
Issue publication date: 25 October 2020
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.
Keywords
Acknowledgements
Corrigendum: It has come to the attention of the publisher that the article Raza, M.S., Zhan, Q. and Rubab, S. (2020), “Role of money mules in money laundering and financial crimes a discussion through case studies”, Journal of Financial Crime, Vol. 27 No. 3, pp. 911-931, https://doi.org/10.1108/JFC-02-2020-0028, features several citation and referencing errors. Specifically, on page 915 of the article the Leukfeldt (2014) citation incorrectly lists a page number of 240; on pages 916 and 931 there is an incorrect citation and reference to Herley and Florencio (2009); and on page 920 the citations to Dunham (2006) incorrectly list page numbers of 1 and 3. The correct information for the aforementioned is as follows, with no page number given for the Leukfeldt (2014) citation; the citation and reference to Herley and Florencio (2009) should instead be to Dunham (2006); and the Dunham (2006) citations should not include any page numbers. Our guidelines make it clear that all citations and references should be carefully checked for completeness, accuracy, and consistency. The authors sincerely apologize for these errors.
This work is supported by National Social Science Foundation of China Project “Study on Regulation Capture and Chinese Solution of International AML Regime from Global Governance Perspective” (17BGJ020).
This work is supported by National Social Science Foundation of China Project “Study on Regulation Capture and Chinese Solution of International AML Regime from Global Governance Perspective” (17BGJ020).
Citation
Raza, M.S., Zhan, Q. and Rubab, S. (2020), "Role of money mules in money laundering and financial crimes a discussion through case studies", Journal of Financial Crime, Vol. 27 No. 3, pp. 911-931. https://doi.org/10.1108/JFC-02-2020-0028
Publisher
:Emerald Publishing Limited
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