Teenagers recruited as money mules via social media

Criminals are recruiting young people to launder stolen or illegal money, warns the Banking and Payments Federation Ireland.

Criminals are using social media to find young people to act as 'money mules', with some 1,000 money mule transactions totalling €12m moved through Irish bank accounts last year. 

Some 98% of the incidents involved young people aged 18 to 24 years.