The latest episode of the Austrian Financial Market Authority (FMA) podcast “Reden wir über Geld” (“Let’s talk about money”) on the special topic of “Cash & Crime” focuses on money laundering through fraudulent cryptotrading platforms.
Hosts Patricia Floh-Weninger and Bibiane Kaufmann use two realistic cases to explain how people can be drawn into complex fraudulent schemes, without investing themselves. The episode focuses on “money mules”, people who transfer money or crypto-assets via their own accounts or wallets, and who aid criminal networks by doing so. This often happens due to ignorance or carelessness.
The episode illustrates the fine line between being a victim or a perpetrator of crime, the potential legal consequences, and tell-tale signs to recognise that a job offer is too good to be harmless. Furthermore, listeners can also find out why banks are required to report suspicious transactions, and about checking the seriousness of providers beforehand on the FMA website.
The latest podcast episode is available (in German only) at https://reden-wir-ueber-geld.podigee.io/9-money-mules