Avoid falling into the money mule trap by raising public awareness, says Mr. Xavier Chan, CPA, CAMS.

Fraud and money laundering cases are brought to the public eye over the past few years. Criminal recruiters feature slogans like “earn money quick” to lure students, housewives and even foreign domestic helpers whom agree to share their bank details or set up shell companies. What they do not realise is they are committing a serious criminal offence – they are becoming money mules!

Mr. Xavier Chan, CPA, CAMS simplifies the complex money laundering process into three stages and reveals the guidance on Anti-Money Laundering (AML) in listed companies, financial institutions and banking in order to raise public awareness on AML.

 

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