“A sophisticated scam targeting businesses working with foreign suppliers and businesses that regularly perform wire transfer payments is making the rounds, involving the recruitment of money mules and fraudulent “business opportunities.”
The US federal Internet Crime Complaint Center (IC3) is warning that the Business E-mail Compromise (BEC) gambit, formerly known as the man-in-the-email scam, is actively recruiting victims to receive fraudulent funds into their personal accounts in exchange for a commission—who are then directed to quickly transfer the funds using wire transfer services or another bank account, usually outside the US. Asian banks, located in China and Hong Kong, are the most commonly reported ending destination for the transfers.
Upon direction, mules may sometimes open business accounts for fake corporations, both of which may be incorporated in the true name of the mule.”
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