- Messages
- 472
- Reputation
- 101
- Reaction score
- 268
- Points
- 63
- Jabber
- [email protected]
- Telegram
- cardervip
Who are money transferring agents (MTA)?
Money Transferring Agents or Money Mules are those individuals who help international cyber criminals transfer illegal money (made from Identity theft, Phishing scams etc.) from one country to another using their bank account.
Most of the times these individuals are not aware that they are part of an international cyber crime ring because the fraudsters who want money to be transferred usually approach prospective MTA’s with innocuous motives (like an internet job, winning a lottery, dating, and large sum of money in an overseas bank account or other such things). Though it may sound legal and lucrative, as a MTA you are made a pawn in the international cyber crime scene where the only person against whom the law will have any evidence is “YOU”.
How? Imagine this -
You are looking for a job and spot an advertisement that looks like your dream job where you can make big money without having to work a lot and they usually ask for the following requirements:
Internet connection at home
A bank account
Ability to spend some (very few) hours everyday on Internet
In addition, the job profile quotes that you’ll be designated as a “Financial Manager” or “Representative” or “Advisor” and makes a job offering on commission basis or as a monthly salary/income. If you are impressed by such advertisements then, you are being conned by the international cyber criminals. And by partnering with these criminals, you are paving your way into a deep, deep trap, which might have severe repercussions for years together in your life including becoming a victim of imprisonment.
Why do fraudsters need money transferring agents?
International cyber criminals usually stay in overseas countries from where they operate their phishing scams. Therefore, it is essential for them to use your account as a middle-man to transfer stolen money and finally into their hands.
How is fraud money transferred?
Fraudsters transfer stolen money which is obtained by phishing scams or online scams to the victim’s bank accounts in the following methods:
Online bank accounts money transfer
Online bill pay feature to transfer money
Money transferring agents or money mules are asked to transfer or forward money (transferred from stolen accounts) from their accounts to fraudsters minus a commission payment or salary. Fraudsters ask the victims to send money using a wire transfer or using services like Western Union and Money Gram.
In this entire game of money transfer, YOU and your bank account plays the key role of transferring illegal money.
Protection from becoming a Money Transferring Agent (MTA)
You can take the following steps for identity theft protection and also to protect yourself from becoming an MTA are as follows:
Do not be tempted by job profiles that promise easy money and avoid online identity theft scams. Such job profiles are not trustworthy though they boast illustrious designations and do not demand any specific skill set.
Pay attention to advertisements that are written using incorrect spellings and grammatical errors – these are definitely avoidable emails and it’s not right for you to get waylaid by them.
Be cautious of offers where you are requested to transfer money overseas using western union and money gram services
Never disclose your bank details to any suspicious emails that you receive in your email account.
Beware of dating scams, especially if the partner is located overseas. Do not fall for pictures and videos sent by them. Try to verify their credentials by calling them apart from online dating and chatting.
Beware of unsolicited offers or job opportunities, especially if the company is based overseas. Make an attempt to verify the credentials of overseas companies that make any easy money offers to you
Contact your bank immediately if you think your bank account is being subjected to huge money transactions that you have not initiated
.Money laundering is a crime in which you should not be involved at all (with or without knowledge). Take steps to protect your bank account thereby protecting your future!
Sharing and Caring
If you care for your friends and family members, please forward this page to enlighten and educate them about the perils of attractive job offers, romance scams, dating scams, Nigerian fraud and money transfer agents / money mules.
Money Transferring Agents or Money Mules are those individuals who help international cyber criminals transfer illegal money (made from Identity theft, Phishing scams etc.) from one country to another using their bank account.
Most of the times these individuals are not aware that they are part of an international cyber crime ring because the fraudsters who want money to be transferred usually approach prospective MTA’s with innocuous motives (like an internet job, winning a lottery, dating, and large sum of money in an overseas bank account or other such things). Though it may sound legal and lucrative, as a MTA you are made a pawn in the international cyber crime scene where the only person against whom the law will have any evidence is “YOU”.
How? Imagine this -
You are looking for a job and spot an advertisement that looks like your dream job where you can make big money without having to work a lot and they usually ask for the following requirements:
Internet connection at home
A bank account
Ability to spend some (very few) hours everyday on Internet
In addition, the job profile quotes that you’ll be designated as a “Financial Manager” or “Representative” or “Advisor” and makes a job offering on commission basis or as a monthly salary/income. If you are impressed by such advertisements then, you are being conned by the international cyber criminals. And by partnering with these criminals, you are paving your way into a deep, deep trap, which might have severe repercussions for years together in your life including becoming a victim of imprisonment.
Why do fraudsters need money transferring agents?
International cyber criminals usually stay in overseas countries from where they operate their phishing scams. Therefore, it is essential for them to use your account as a middle-man to transfer stolen money and finally into their hands.
How is fraud money transferred?
Fraudsters transfer stolen money which is obtained by phishing scams or online scams to the victim’s bank accounts in the following methods:
Online bank accounts money transfer
Online bill pay feature to transfer money
Money transferring agents or money mules are asked to transfer or forward money (transferred from stolen accounts) from their accounts to fraudsters minus a commission payment or salary. Fraudsters ask the victims to send money using a wire transfer or using services like Western Union and Money Gram.
In this entire game of money transfer, YOU and your bank account plays the key role of transferring illegal money.
Protection from becoming a Money Transferring Agent (MTA)
You can take the following steps for identity theft protection and also to protect yourself from becoming an MTA are as follows:
Do not be tempted by job profiles that promise easy money and avoid online identity theft scams. Such job profiles are not trustworthy though they boast illustrious designations and do not demand any specific skill set.
Pay attention to advertisements that are written using incorrect spellings and grammatical errors – these are definitely avoidable emails and it’s not right for you to get waylaid by them.
Be cautious of offers where you are requested to transfer money overseas using western union and money gram services
Never disclose your bank details to any suspicious emails that you receive in your email account.
Beware of dating scams, especially if the partner is located overseas. Do not fall for pictures and videos sent by them. Try to verify their credentials by calling them apart from online dating and chatting.
Beware of unsolicited offers or job opportunities, especially if the company is based overseas. Make an attempt to verify the credentials of overseas companies that make any easy money offers to you
Contact your bank immediately if you think your bank account is being subjected to huge money transactions that you have not initiated
.Money laundering is a crime in which you should not be involved at all (with or without knowledge). Take steps to protect your bank account thereby protecting your future!
Sharing and Caring
If you care for your friends and family members, please forward this page to enlighten and educate them about the perils of attractive job offers, romance scams, dating scams, Nigerian fraud and money transfer agents / money mules.
