Fraud investigationPolice arrest two 'money mules' in Luxtrust impersonation scam

Luxembourg police have arrested two individuals suspected of acting as “money mules” in a fraud scheme where criminals impersonated Luxtrust employees.

The arrests, made by the police’s Anti-Money Laundering unit on 5 and 10 November, target suspects wanted on charges including money laundering. The two are alleged to have provided their personal bank accounts and Visa cards to criminal actors, allowing the withdrawal of funds obtained through other fraudulent activities. The estimated damages linked to the two accounts are approximately €20,000 and €31,000, respectively.

In light of the case, police issued a public reminder that allowing one’s own bank account or card to be used for transferring the proceeds of crime is a criminal offence in Luxembourg, falling under the definition of money laundering.

The public is advised to exercise caution and adhere to the following guidelines:

• Be wary of lucrative offers that promise quick and easy money.
• Never make your bank account available to others or share your bank details with strangers.
• Do not withdraw or transfer money if you do not know its origin.
• Never transfer money to an unknown account at someone else’s request.
• If you suspect you are being used as a “money mule,” cease all transactions immediately and contact the police.