Young people left struggling to find jobs during the pandemic are being targeted online by criminals seeking to use them as “money mules”, experts have warned.

Fraud prevention group Cifas found more than 17,000 suspected cases where people aged between 21 and 30 had transferred money through their accounts to launder the proceeds of crime.

The number of suspected money mule cases in the age group was up 5 per cent in 2020, Cifas said, although it decreased 12 per cent in the under-21s.

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