MONEY MULE SCHEMES: THE RISKS OF MOVING STOLEN FUNDS - 19 August 2026

What may seem like an easy way to make extra cash could have serious financial, legal and reputational consequences. In this episode, we unpack the growing problem of money mule schemes in South Africa, where fraudsters recruit individuals to receive and transfer stolen funds through their bank accounts. Bonolo Sebonai, Head of Fraud at GoTyme Bank, explains how these schemes work, the warning signs to look out for, the impact on your bank account and banking records, and how financially vulnerable consumers can protect themselves. She also shares expert advice on what to do if you suspect you have unknowingly been used to move stolen funds.