The Rise of Money Launderers on Snapchat and Instagram | Crimewave

Gangs are always looking for new ways to launder their money, and in cities like London, Birmingham and Manchester, using money mules has become one of their favorite methods.

Young and vulnerable people are convinced by criminals, often on social media, to let them use their personal bank accounts to receive and send on their illicit earnings. However, there can be serious consequences for those who get involved, from being locked out of the financial system, to even serving time in prison. This crime is still massively under-reported, which in part is what leaves many young people so vulnerable.

00:00 Intro
01:45 Meeting the money mule recruiters
06:26 Speaking with a former money mule
09:44 How international gangs launder illegal cash

VICE investigates this new and booming form of crime and meets the recruiters, the police, and people who have inadvertently got caught up in it.

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