A money mule is an individual who is involved in a money laundering scheme by transferring money illegally from one account to another. They are often recruited through online advertisements or personal connections, and they may be unaware that they are participating in illegal activity.

Money Mules and Whistleblowing

Whistleblowers can play a crucial role in exposing money laundering schemes involving money mules.

Individuals who work in financial institutions or have knowledge of money laundering activities can report suspicious transactions or behavior. Whistleblowers may themselves have been money mules for illegal schemes and can be protected under whistleblower law with confidentiality and anonymity and the potential for an award with the information they provide regulatory authorities.

By exposing money mule activities, whistleblowers can help to protect the integrity of the financial system and prevent the flow of illicit funds.