GCash warns public against becoming money mules

By Francis Earl Cueto

Sep 29, 2022 12:19 pm

DIGITAL wallet provider GCash on Thursday warned the public against being an active money mule, amid online scams that involve the transfer or withdrawal of illegally obtained funds.

Money mules are verified account owners of a bank or other financial accounts used by a third party to obscure the source of the stolen funds and keep their identity a secret. These mules usually receive a commission or a fee for the use of their accounts.

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