The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    us

    52.167.144.156

    Fraudsters exploiting Coronavirus panic have scammed £1.6 million

    fraudsters

    United Kingdom investigators have reported more than 500 COVID-19 associated scams and over 2,000 phishing attempts by criminals trying to exploit fears over the outbreak. 


    One of the newest scams being evaluated by officials at the National Fraud Intelligence Bureau (NFIB) involves scammers asking for donations to help the NHS combat the epidemic. Since the beginning of the coronavirus epidemic in the United Kingdom, analysts have noticed a rapid aggravation in criminal gangs using a range of scams, most of them targeting aged people who are self-isolating.

    The reports, received by Action Fraud, are sent to investigators at the NFIB, a unit overseen by London Police. There have been 509 cases to date with total losses amounting to £1.6 million. 

    Other scams pretending to be official government messages include texts informing citizens that they have been fined £250 for leaving their home more than once during the lockdown. The amount of coronavirus-related phishing scams stands at 2,192. These generally involve an email aiming to trick people into opening malicious attachments which could result in criminals stealing their banking details, email logins, and passwords.

    Commander Karen Baxter, the National Coordinator of Economic Crime at the City of London Police, stated, “Criminals will use any opportunity they can to take money from innocent people. This includes exploiting tragedies and global emergencies. As more people stay indoors and work from computers and laptops at home, there is more opportunity for criminals to try and trick people into parting with their money at a time when they are anxious and uncertain about the future.”

    The National Crime Agency, which announced its annual threat evaluation on Friday, stated, “We continue to monitor the impact of the pandemic on trends in serious and organised crime, including on fraud, cyber-attacks and other online activity, with the sudden surge in the amount of domestic internet use.”

    Among the countless number of scams the NFIB examined are fraudsters taking advantage of the fact that most of the bank branches are closed by urging users to switch their accounts online. Others are trying to exploit the current economic downturn by contacting individuals who are unemployed and offering them key positions. An Action Fraud spokesperson said, “People are obviously looking for jobs at the moment and criminals are using Covid-19 as a hook for employment, offering key worker positions as long as they pay an advance fee for vetting or background checks.” 

    The majority of cases reported to date relate to online shopping scams in which people have ordered and paid for personal protective face masks, hand sanitiser or testing kits which never arrive. Financial regulators recently warned savers about fraudsters seeking to exploit fears over the coronavirus outbreak.

    Related Posts

    News

    United States Senate, UAE Government, and Spain Make Significant Efforts to Curb Money Laundering and Terrorist Financing Activities

    United States Senate, UAE Government, and Spain Make Significant Efforts to Curb Money Laundering and Terrorist Financing Activities

    Explore More

    News

    UK Parliament Legislates New Digital Identity Verification Services Bill

    UK Parliament Legislates New Digital Identity Verification Services Bill

    Explore More

    News

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks

    Explore More

    News

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively

    Explore More

    News

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates

    Explore More

    News

    FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities

    FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities

    Explore More

    News

    Nigeria, Myanmar, and  Türkiye Take Effective Steps to Meet FATF Recommendations

    Nigeria, Myanmar, and Türkiye Take Effective Steps to Meet FATF Recommendations

    Explore More

    News

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings

    Explore More

    News

    United States Senate, UAE Government, and Spain Make Significant Efforts to Curb Money Laundering and Terrorist Financing Activities

    United States Senate, UAE Government, and Spain Make Significant Efforts to Curb Money Laundering and Terrorist Financing Activities

    Explore More

    News

    UK Parliament Legislates New Digital Identity Verification Services Bill

    UK Parliament Legislates New Digital Identity Verification Services Bill

    Explore More

    News

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks

    Explore More

    News

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively

    Explore More

    News

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates

    Explore More

    News

    FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities

    FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities

    Explore More

    News

    Nigeria, Myanmar, and  Türkiye Take Effective Steps to Meet FATF Recommendations

    Nigeria, Myanmar, and Türkiye Take Effective Steps to Meet FATF Recommendations

    Explore More

    News

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings

    Explore More

    Take the next steps to better security.

    Contact us

    Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

    Contact us

    Request demo

    Get free access to our platform and try our products today.

    Get started