Sophisticated criminal groups are increasingly recruiting young Australians as money mules, with ANZ warning the problem has reached alarming levels. The bank has detected around 4,000 attempted recruitments since September 2025, with criminals specifically targeting students living away from home or studying internationally.
How the scam works
The scam involves offering fast cash in exchange for access to bank accounts and identification. Criminals use these accounts to move illicit funds, often without the victims realising they are being exploited.
ANZ’s Marc Broome explained that students are recruited as money mules. Griffith Criminology Institute’s Dr Jacqueline Drew noted that fake job advertisements are a key method used by offenders, such as payment processing or financial assistance roles.
Brazen tactics on campus
Criminal gangs are not only messaging students online but also approaching them directly on university campuses. Broome believes criminals view students as easy targets.
When asked if they would be tempted by an offer of easy money, several students admitted the promise of cash could be hard to ignore, particularly for those struggling financially.
Warning signs
Experts say there is one clear warning sign to watch for. According to Drew, in terms of any financial fraud, if it seems too good to be true, it often is.
