How many individuals were arrested for mule account fraud last month?

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154 Individuals Arrested for Mule Account Fraud Last Month

Last month, a total of 154 individuals were arrested in connection with mule account fraud. These arrests were part of police raids targeting individuals who had allegedly "rented out" their bank accounts for illicit activities. The apprehended individuals spanned a wide age range, from 20 to 60 years old.
Demographics of Those Arrested

Among the 154 individuals arrested, 47 were women. These women reportedly received sums ranging from RM600 to RM1,000 for their involvement. The arrested individuals represented a diverse cross-section of society, including businessmen, those who were unemployed, and individuals employed in the private sector.
Nature of Mule Account Fraud

Mule accounts are essentially bank accounts that criminals use to receive and transfer illegally acquired funds. Individuals involved in this practice may be approached by fraudsters with tempting offers to "lend," "share," or "rent out" their bank accounts or ATM cards, often in exchange for a small fee. These accounts are then used to facilitate fraudulent transactions, making it harder to trace the origin of the illicit money.
Legal Ramifications for Mule Account Holders

It is crucial to understand that individuals can face legal prosecution if their bank accounts are implicated in illegal activities, even if they claim not to have been directly involved in the fraudulent scheme. Handing over ATM cards with PIN numbers or online banking passwords to criminals for the purpose of receiving funds from fraudulent activities constitutes the creation of a mule account. This practice carries significant legal risks for the account holder.

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How many individuals were arrested for mule account fraud last month?

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