On 15th July, the Egmont Group of FIU published a Bulletin not just to alert member FIU and their jurisdictions of the increasing threat posed by business email compromise (BEC) fraud schemes, but law enforcement authorities and the private sector also.  BEC fraud schemes are among the fastest-growing cyber-enabled crime threats adversely affecting financial institutions, exposing the financial sector to billions of dollars in losses worldwide.  BEC fraud schemes target business organizations, professionals, and individuals by compromising either business or personal email accounts to send (or cause to be sent) false payment instructions and other information used to conduct financial fraud.

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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