Bounce Back Loan Scheme Arrest

The Metropolitan Police have investigated a number of ‘mule’ accounts being used to launder thousands of pounds in government-backed loans and transferring the money in to cryptocurrency.

A woman has now been arrested for fraudulently applying for multiple Bounce Back Loans. Detectives have successfully recovered over £100,000 and warn the public to be mindful of the financial information they share, as details may used by fraudsters to launder illegally obtained funds. Read more here.


National Anti Fraud Network