UK FINANCE 2020 HALF-YEAR FRAUD REPORT

On 24 September, UK Finance published its fraud report for the first 6 months of 2020.  It says that Covid-19 has seen criminal gangs focus on taking advantage of people’s fears and uncertainties around the virus, sometimes to devastating effect, with a sharp rise in the number of impersonation scams, which nearly doubled in the first 6 months of the year, with almost 15,000 cases reported.  Fraudsters have also changed tactics towards more online scams, such as fake investments promoted on search engines, fake goods such as hot tubs listed on auction websites and criminals posing as would-be partners on online dating platforms.

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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