What is a Mule Account Scam?
Your bank account is being used by others to either collect or transfer funds. These funds could be stolen or laundered from illegal activities.
If caught, your bank account may be closed and you may face difficulties in opening a bank account in the future. You may also be at risk of being charged with facilitating criminal activities.
What to look out for?
1. Offers to ‘rent’ your bank account which will then be used to launder/withdraw stolen money. 
This can be a face-to-face offer by an unknown party or even by friends or family members. There are also similar advertisements done on social media platforms.
2. Very lucrative job offer that require you to hand over your ATM card and/or online banking details.
In exchange for a “too-good-to-be-true” job offer, the application requires you to surrender either your ATM card, or details that are usually not required in a job application (e.g. PIN or OTP number, online banking password).
3. Unlicensed money lenders requesting for ATM card as collateral during the loan application process.
These money lenders will use your account to collect or transfer funds during this period.
How to protect yourself?
1. Do not share your bank account or banking details with anyone.
Do not allow another party to gain access to your account, even if it is in exchange for money. You may be opening yourself to risk of assisting criminal activity, and may have difficulties opening a bank account in the future.
Do not share sensitive banking information such as your PIN or online banking password to anyone – even if it is for a job offer.
2. Always monitor the transactions in your account.
If you did not perform such transactions, please notify your bank immediately. Report to your bank and police immediately if your ATM card went missing or if any third party gains access to your bank account.
