HM Revenue & Customs is urging all students to be on the look out for ‘money mule’ scams – this is when you let other people use your bank account to transfer money and in return receive a quick cash payment.
This process is illegal and is a way for criminals to launder money which has been generated by criminal activity. Acting as a money mule is a serious crime and if caught, you could be sentenced to 14 years in prison.
Check out this guide from HMRC which outlines how can you spot this scam, and what to do if you think you’ve been targeted.