Students targeted for money laundering scam using counterfeit travellers' cheques

October 31, 2011

University students are being targeted by criminal gangs to launder counterfeit American Express Travellers’ cheques.

University students are being targeted by criminal gangs to launder counterfeit American Express Travellers’ cheques.

Adverts are appearing on student job sites offering positions as 'mystery shoppers’ – though it is possible that other job titles could also be listed.

When an advert is responded to, the student is asked to give personal details which are followed by a letter and American Express Travellers Cheques.

These letters emanate from abroad and contain a substantial amount of American Express Travellers’ cheques. The student is directed to deposit the enclosed travellers cheques into a bank account and once cleared, told to take a proportion of their value as payment. They are then instructed to locate the nearest moneygram.com outlet and transfer the rest of the deposit abroad.

To date, all the travellers cheques received through this scam have been counterfeit and this appears to be an elaborate way to launder the counterfeit travellers cheques via personal bank accounts.

If you have any information relating to this issue – please contact action fraud

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