Money Laundering – Advice for Parents

Tue, 22 Oct 2019
Star Student

We have been contacted by Thames Valley Police regarding an increase in local cases involving criminals targeting local young people to use their bank accounts to help them launder money. The money gathered by drug dealing and other crimes is given to a young person to put into their bank account and transfer it into another account, keeping a proportion themselves. These unwitting victims are known as “money mules”.

Social media can be used to recruit young people with promises of 'easy money' working 'from home'. The number of cases of 14 to 18-year-olds who have allowed their bank accounts to be used to divert funds has grown by 73% over the last two years, to nearly 6,000 cases. Getting involved in this fraud can lead to a jail sentence of up to 14 years and lead to problems with banking in the future.

Thames Valley Police have produced a letter for parents and carers, which can be found here.

If you are concerned about your child, or another young person, please contact your child’s Year Team or a Designated Safeguarding Lead.

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