What is a scam involving the transfer of money for someone else?
Offers that involve transferring money for someone you don’t know are nearly always a scam. They could also be money laundering which is illegal. Money laundering is when somebody tries to ‘launder’ money they have earned from a crime to make it look like it came from a legal source. They do this by putting the money through a series of bank accounts to hide its original (and usually illegal) source. If you are approached with this scam, you will be asked to transfer money for somebody using your own bank account or a bank account that you set up for this purpose. The approach could come in a number of ways—by a letter similar to the Nigerian scams, by an offer that sounds like a work from home opportunity or in any other way which means you have to hand over bank account details to a stranger. The scams often offer you a commission simply for receiving money into your bank account and then transferring it out again. The commission can be as high as 15% or more of the amount transferre
Offers that involve transferring money for someone you don’t know are nearly always a scam. They could also be money laundering, which is illegal. Money laundering is when somebody tries to ‘launder’ money they have earned from a crime to make it look like it came from a legal source. They do this by putting the money through a series of bank accounts to hide its original (and usually illegal) source. If you are approached with this scam, you will be asked to transfer money for somebody using your own bank account or a bank account that you set up for this purpose. The approach could come in a number of ways—by a letter similar to the Nigerian scams, by an offer that sounds like a work from home opportunity or in any other way which means you have to hand over bank account details to a stranger. The scams often offer you a commission simply for receiving money into your bank account and then transferring it out again. The commission can be as high as 15 per cent or more of the amount t
Offers that involve transferring money for someone you don’t know are nearly always a scam. They could also be money laundering which is illegal. Money laundering is when somebody tries to ‘launder’ money they have earned from a crime to make it look like it came from a legal source. They do this by putting the money through a series of bank accounts to hide its original (and usually illegal) source. If you are approached with this scam, you will be asked to transfer money for somebody using your own bank account or a bank account that you set up for this purpose. The approach could come in a number of ways—by a letter similar to the Nigerian scams, by an offer that sounds like a work from home oportunity or in any other way which means you have to hand over bank account details to a stranger. The scams often offer you a commission simply for receiving money into your bank account and then transferring it out again. The commission can be as high as 15% or more of the amount transferred
