by TerranceBoyce
Sun Apr 06, 2014 7:10 am
Welcome to Scamwarners QuickFire.
Your recommended course of action is spot on and all victims should follow your advice.
Unfortunately fraudsters have discovered that the UK banking system is a push over as regards opening bank accounts for use in fraud, and I can provide links to many news reports to demonstrate this fact. The record I believe is one person controlling over 700 different UK bank accounts used in a recent massive fraud.
I spent all my working life in banking and have long been involved in counter fraud activities and under current money laundering legislation, if properly enforced and with the implementation of simple effective procedures, this type of fraud would not be possible on the scale we currently observe. Amazingly a large Australian holiday fraud had funds routed through UK bank accounts and you can't argue when criminals go to that trouble to give preference to UK banks for a fraud perpetrated on the opposite side of the planet.
I do believe that accounts being used in fraud are being monitored outside the scope of official UK authorities simply because the ease with which criminals can use the UK banking system is troubling. The irony being that these accounts will inevitably be used at some stage to defraud the banks themselves.
Your recommended course of action is spot on and all victims should follow your advice.
Unfortunately fraudsters have discovered that the UK banking system is a push over as regards opening bank accounts for use in fraud, and I can provide links to many news reports to demonstrate this fact. The record I believe is one person controlling over 700 different UK bank accounts used in a recent massive fraud.
I spent all my working life in banking and have long been involved in counter fraud activities and under current money laundering legislation, if properly enforced and with the implementation of simple effective procedures, this type of fraud would not be possible on the scale we currently observe. Amazingly a large Australian holiday fraud had funds routed through UK bank accounts and you can't argue when criminals go to that trouble to give preference to UK banks for a fraud perpetrated on the opposite side of the planet.
I do believe that accounts being used in fraud are being monitored outside the scope of official UK authorities simply because the ease with which criminals can use the UK banking system is troubling. The irony being that these accounts will inevitably be used at some stage to defraud the banks themselves.
CAR ADVERTS - If a car seller mentions escrow - he's scamming you Never ever for any reason pay anything until you have seen and inspected the vehicle
