Economy· August 17, 2026 at 09:11 a.m.
Armenia Central Bank Issues Warning on Increase in 'Money Mule' Schemes
Key takeaways
- Central Bank of Armenia issues warning
- Increase in 'money mule' schemes reported
- Public urged to be cautious of unsolicited job offers
The Central Bank of Armenia has issued a warning about an increase in 'money mule' schemes within the country. These types of scams involve individuals unwittingly facilitating the transfer of illicit funds, often through their personal bank accounts. The rise in such activities poses significant risks to both the individuals and the financial system as a whole.