What is a 'money mule'?

A 'money mule' refers to a person who transfers illegally obtained funds on behalf of individuals or organizations, typically without their full understanding of the illegal nature of the activities involved. These individuals often believe they are helping someone in need or are functioning within the framework of a legitimate job, leading them to be unwitting participants in money laundering schemes.

This role is essential in the context of financial crime, as money mules help to obscure the original source of funds, making it harder for law enforcement to trace and apprehend the perpetrators. Money mules often are recruited through scams or deceptive job offers, highlighting the need for public awareness and caution regarding seemingly innocent financial activities.

The other options do not capture the essence of what a money mule is: legitimate financial advisors, bank employees, or legal custodians of funds operate within lawful parameters and are not associated with the transfer of illicit money.