More than 120 people in Carmarthenshire, mostly living in the Llanelli area have handed over their personal bank details to criminals involved in money laundering in exchange for financial gifts.

Economic Crime Team officers from Dyfed-Powys Police identified the individuals as part of an ongoing criminal investigation and issued notices advising them to stop the activity immediately or face prosecution.

Throughout February, the team visited people who had been linked with a suspected fraudster, as part of Operation Henhouse – a month-long nationwide clampdown on fraud offences.

On speaking to those involved, officers learned how the individuals opened online bank accounts using their personal information and identification and gave their account login details to criminals in return for cash, who then used their bank accounts to launder money obtained through crime.

The team offered safeguarding advice and warned them about the dangers of opening bank accounts to be used by someone else for criminal activity. 

Many were unaware of the implications of what they had done and thought it was an easy way to make some money. Some were given financial gifts ranging from £50 to £200, while others were promised money but did not receive it.

Dyfed-Powys Police Fraud Investigator Sian Stevens said: “Through intelligence, we were made aware of a fraudster who recruited a number of people in the Llanelli area to open bank accounts, which were then subsequently used for money laundering purposes.

“The Economic Crime Team visited over 120 individuals in February to explain that they had been used as a money mule – this is someone, who has allowed their bank account to be used to send criminal money. We issued them with cease and desist notice to interrupt any further fraud by making sure they were aware what they were doing was a criminal activity.  

“Many of the people were linked to each other. Some were family members or in the same friendship groups, ranging from young adults to pensioners. The accounts had been opened as a direct or indirect interaction with the fraudster. 

“For example, there were some instances where an individual opened a bank account after contact with the fraudster and then went on to tell their friends, ‘you can earn £50 if you open up a bank account and give the details to this person’ and so on. That was just one of many examples how the fraudster managed to obtain personal bank details.”

Dyfed-Powys Police Economic Crime Team Manager Paul Callard said: “People fall victim to fraud every day and the impact on victims can be devastating, both financially and emotionally.

“They can be taken advantage of by criminals and encouraged to allow their accounts to be used. People should be very careful about who they provide their personal information to.

“We will not tolerate fraudulent activity and will look to tackle criminals at every opportunity.”

How to avoid becoming a victim of fraud

• Always use the ABC of scam awareness. Never Assume or Believe a caller, email or text is genuine. Always Confirm by contacting a trusted relative, friend, your bank’s fraud department or the police to check it is genuine.
• Remember the police will never call you asking you to assist with an investigation by withdrawing cash for them to collect, or requesting to collect your bank card. If you receive a call purporting to be from the police and are unsure it is genuine, ring them back via 101 using a different telephone.
• Avoid clicking on links in emails and text messages from unknown sources, as they are liable to be a scam.
• Always use a strong and separate password for your email address by using three random words.

Do you know what will happen if you are caught allowing criminals to use your bank accounts to money launder?

⚠️ You could face prosecution and go to prison for up to 14 years.

⚠️ It will be difficult to get a phone contract.

⚠️ Your bank accounts will be closed.

⚠️ You will have problems applying for credit.