Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Fraudsters Target UK’s £400 Energy Bill Support Scheme through Scam Texts

n-img-grauds

Fraudsters are taking advantage of the support program initiated for people to lessen the burden of soaring electricity and gas prices. Using links of a fake website, scammers urge people to hand over their personal information and bank details. 

The UK government warns citizens about a fake text message fraud that’s spreading to loot innocent people. The fraudsters claim to be a part of the government. This text scam invites people to apply for the £400 energy bill support scheme and get some relief in their bills. 

Scammers took advantage of new support that has been put in place as a part of the package of measures set to lessen the burden of increasing electricity and gas prices. 

Kicked in on 1 October, the energy price guarantee limit the rise in gas and electricity units’s cost lower as compared to their market value for protecting consumers. It’s automatically delivered through suppliers. 

Whereas in the elctrucity bill for the month of October, households will receive instalment of the £400 Energy Bill Support Scheme. For most of the users, the support of £400 will be applied monthly in six instalments from October 2022 to March 2023 with those who pay through debit seeing it deducted from their energy payments.           

Fraudsters are taking advantage of the scheme with messages that urge people to “apply.” They are give fake links and representing themselves as government officials.  There, people are urged to give their personal data including bank information. 

Offciials gave a warning and said that they have received 139 reports about scam text messages. They said, “You do not need to apply for the scheme, or provide any bank details.”

The government warned people to stay alert to such fraudulent messages. According to officials, “There is no need to apply for the schemes, with most customers receiving today’s support automatically through their electricity bill.”

Jacob Rees-Mogg, Business and Energy Secretary said, “I urge people today to stay alert to scams. This support will reach people automatically and there is no need to apply.”

He said that it was an extraordinary financial help offered to people that will protect businesses as well as households “across the country from what was going to be an 80 per cent increase in energy bills this winter”. Consumers have been told to report any such scam to 7726. 

Suggested Read: Gamers Must Be Aware of long-Scale Click Fraud Campaign- Says Microsoft

Related Posts

News

Brazil to Introduce Facial Recognition to Verify People Wearing Masks at Airports

Countries across the globe are taking necessary steps to introduce facial recognition at the airp...

Brazil to Introduce Facial Recognition to Verify People Wearing Masks at Airports Explore More

News

UK Regulatory Authorities Warns Crypto Firms to Comply with Latest AML Obligations

The UK regulatory department, Financial Conduct Authority (FCA), has warned cryptocurrency platfo...

UK Regulatory Authorities Warns Crypto Firms to Comply with Latest AML Obligations Explore More

News

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown

Chinese businesses, as per a ruling by the SEC, are directed to present additional disclosures re...

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown Explore More

News

1803 Arrested in Money Laundering Crackdown Coordinated by 27 Countries

In a major money laundering crackdown, European police identified more than 18,000 money mules, a...

1803 Arrested in Money Laundering Crackdown Coordinated by 27 Countries Explore More

News

FinCEN Implements Stringent KYC Regulations For Digital Wallet

The USA Treasury Department has proposed KYC- Know Your Customer Regulations for the digital asse...

FinCEN Implements Stringent KYC Regulations For Digital Wallet Explore More

News

FinCEN Wants Banks to Submit SARs to Affiliates Under AML Act 2021

FinCEN proposed a new rule that will allow banks to share suspicious activity reports with foreig...

FinCEN Wants Banks to Submit SARs to Affiliates Under AML Act 2021 Explore More

News

US Authorities Seize Bahamas Bank for Laundering $58 Million

It’s rumoured that Deltec, a Bahamas-based bank popular with crypto clients, is linked to a...

US Authorities Seize Bahamas Bank for Laundering $58 Million Explore More

News

Over £1 Million Lost to Covid Business Support Fraud in Leeds

Leeds City Council papers have shown 74 cases of Covid business support fraud where more than £1 ...

Over £1 Million Lost to Covid Business Support Fraud in Leeds Explore More

News

UK Publishes First National Risk Assessment of Proliferation Financing

The UK is at a high risk of proliferation financing for Korea and Iran, while UK financial instit...

UK Publishes First National Risk Assessment of Proliferation Financing Explore More

News

UK Mandates Enhanced Due Diligence on High-Risk Jurisdiction

Authorities in the UK rolls our new regulatory measures to perform enhanced due diligence for hig...

UK Mandates Enhanced Due Diligence on High-Risk Jurisdiction Explore More

News

DFSA and Financial Intelligence Collaborate to Combat Financial Crime in UAE

Memorandum of Understanding (MoU) between the Dubai Financial Services Authority (DFSA) and the F...

DFSA and Financial Intelligence Collaborate to Combat Financial Crime in UAE Explore More

News

France to Test Digital Currency in the First Quarter of 2020

The digital currency race is building up and every country wants to take part in it. Now, Banque ...

France to Test Digital Currency in the First Quarter of 2020 Explore More

News

Ransomware attacks three US universities

A ransomware group has successfully stricken three universities within the week. They claim that ...

Ransomware attacks three US universities Explore More

News

Switzerland Endorses Rigorous AML Measures

Switzerland has introduced new anti-money laundering regulations to bolster financial institutes&...

Switzerland Endorses Rigorous AML Measures Explore More

News

Hackers Steal $625 Million from Ronin Network in Largest-Ever Crypto Theft

Hackers stole approximately $625 million in crypto from the Ronin blockchain and the video game n...

Hackers Steal $625 Million from Ronin Network in Largest-Ever Crypto Theft Explore More

News

EU Confirms its Firm Stance on All Digital Currencies

The EU has confirmed its firm stance on all the digital currencies until the associated risks hav...

EU Confirms its Firm Stance on All Digital Currencies Explore More

News

UK Regulatory Authorities Warns Crypto Firms to Comply with Latest AML Obligations

The UK regulatory department, Financial Conduct Authority (FCA), has warned cryptocurrency platfo...

UK Regulatory Authorities Warns Crypto Firms to Comply with Latest AML Obligations Explore More

News

UK Government to Introduce Age Verification Laws For Adult Websites

To restrict minors’ access to adult-oriented content, the UK government is working on impos...

UK Government to Introduce Age Verification Laws For Adult Websites Explore More

News

France to Test Digital Currency in the First Quarter of 2020

The digital currency race is building up and every country wants to take part in it. Now, Banque ...

France to Test Digital Currency in the First Quarter of 2020 Explore More

News

Sberbank Warns Russians; Cybercrime Cost the Nation $49bn in 2020

According to Russia’s largest state-owned bank, Sberbank, the total amount the citizens along wit...

Sberbank Warns Russians; Cybercrime Cost the Nation $49bn in 2020 Explore More

News

Buy Now Pay Later Service Openpay Warned for AML Violations

Te Tari Taiwhenua, the Department of Internal Affairs, has issued a warning to an Australian Buy ...

Buy Now Pay Later Service Openpay Warned for AML Violations Explore More

News

EBA revised its guidelines on ML/FT risk factors

The European Banking Authority (EBA) issued revised money laundering and terrorist funding (ML/TF...

EBA revised its guidelines on ML/FT risk factors Explore More

News

$2 Shell company laundered hundreds of millions at Crown Casino Perth

International organizations are believed to be using Crown Perth to launder hundreds through $2 s...

$2 Shell company laundered hundreds of millions at Crown Casino Perth Explore More

News

UAE Endorses Legal Framework for Unlicensed Virtual Asset Platforms

The United Arab Emirates (UAE) issued new strict anti-money laundering regulations for unlicensed...

UAE Endorses Legal Framework for Unlicensed Virtual Asset Platforms Explore More

News

China’s cyberspace regulators approve 224 blockchain ventures

China’s Office of the Central Cyberspace Affairs Commission (OCCAC) has recently announced a new ...

China’s cyberspace regulators approve 224 blockchain ventures Explore More

News

South Africa Earmarked R265 Million to Get Off FATF’s Greylist

Finance Minister Enoch Godongwana announced on Tuesday that allocating R265 Million is one of sev...

South Africa Earmarked R265 Million to Get Off FATF’s Greylist Explore More

News

US Banking Regulator Advises Federal Licensing Framework for Crypto Firms

Brian Brooks, Chief Operating Officer of the U.S. Office of the Comptroller of the Currency (OCC)...

US Banking Regulator Advises Federal Licensing Framework for Crypto Firms Explore More

News

EU’s New Anti-Money Laundering Watchdog to Monitor the Crypto Space

The European Union is developing a program to impose stringent regulations on the cryptocurrency ...

EU’s New Anti-Money Laundering Watchdog to Monitor the Crypto Space Explore More

News

Norway to Revive Travel by Introducing Vaccine Passports

By the Summer of 2021, Norway plans to revive travel to and from the country as it joins the list...

Norway to Revive Travel by Introducing Vaccine Passports Explore More

News

US Treasury Official Urges Iraq’s Central Bank to Act Against Money Laundering

The US Treasury officials stated Iraq’s central bank should design new measures to combat the mis...

US Treasury Official Urges Iraq’s Central Bank to Act Against Money Laundering Explore More

News

UAE Issues Updated Targeted Financial Sanctions Guidance

The UAE has shifted from the multilateral United Nations Security Council (UNSC) sanctions to uni...

UAE Issues Updated Targeted Financial Sanctions Guidance Explore More

News

Ransomware Targets Outdated Microsoft Excel Macros to Deploy Attacks

Microsoft Security Intelligence notified users of a type of ransomware, called Avaddon, that uses...

Ransomware Targets Outdated Microsoft Excel Macros to Deploy Attacks Explore More

News

Westpac to Pay Penalties Totalling $113 Million for “Poor Compliance Culture”

Australian corporate watchdog imposed $113 million fine on Westpac bank for charging dead people ...

Westpac to Pay Penalties Totalling $113 Million for “Poor Compliance Culture” Explore More

News

DFSA and Financial Intelligence Collaborate to Combat Financial Crime in UAE

Memorandum of Understanding (MoU) between the Dubai Financial Services Authority (DFSA) and the F...

DFSA and Financial Intelligence Collaborate to Combat Financial Crime in UAE Explore More

News

Chinese regulators extend financial support to bring Hong Kong, Macau closer

China’s financial regulators revealed an extensive plan to ease investments and cross-border tran...

Chinese regulators extend financial support to bring Hong Kong, Macau closer Explore More

News

Fake Zoom Invite Collapsed Australian Hedge Fund with a CyberAttack

A fake zoom invite has taken out $8.7 million in fraudulent invoices by the trustee and administr...

Fake Zoom Invite Collapsed Australian Hedge Fund with a CyberAttack Explore More

News

Money Laundering Investigation Leads to Seizure of Canberra Properties, Vehicles, and Cash

Assets worth over $10 million have been seized after an international investigation into money la...

Money Laundering Investigation Leads to Seizure of Canberra Properties, Vehicles, and Cash Explore More

News

BSA-AML Compliance Group Disclose Names of Annual Gaming Conference Speakers

The BSA-AML Compliance group has revealed the names of the speakers attending the annual gaming c...

BSA-AML Compliance Group Disclose Names of Annual Gaming Conference Speakers Explore More

News

Californian man apprehended in Moorpark ID theft case

A 37-year-old man in the Californian city of Bakersfield was arrested on Wednesday on suspicion o...

Californian man apprehended in Moorpark ID theft case Explore More

News

AML Program Risks Highlighted by the Pandora Papers Scandal

Experts have advised compliance officers to divert their focus on EDD, CDD, and UBO verification ...

AML Program Risks Highlighted by the Pandora Papers Scandal Explore More

News

Taiwan’s Financial Authority Set to Establish Rigid Crypto Regulation

Taiwan’s Financial Supervisory Commission (FSC) has designed regulations that protect the c...

Taiwan’s Financial Authority Set to Establish Rigid Crypto Regulation Explore More

News

EU Fines Hungary for Declining to Lift Restrictions on Foreign Funded NGOs

European Union, in Brussels, took an important step to penalize Hungary for not lifting restricti...

EU Fines Hungary for Declining to Lift Restrictions on Foreign Funded NGOs Explore More

News

FATF issued guidance on risk-based AML/CFT policies

The Financial Action Task Force has issued finalised supervision on adopting a risk-based strateg...

FATF issued guidance on risk-based AML/CFT policies Explore More

News

Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud

Sophisticated invoice redirect fraud in Ireland has resulted in the loss of €10 Million for busin...

Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud Explore More

News

UK Watchdog Fines Al Rayan Bank 4M Pounds Over AML Control Failures

FCA, Britain’s financial watchdog, revealed on Wednesday, 11th Jan 2023 that it had imposed...

UK Watchdog Fines Al Rayan Bank 4M Pounds Over AML Control Failures Explore More

News

Star Entertainment Group Experiences $1.26B Loss after Money Laundering Investigation

Star Entertainment Group experienced a major loss of $1.26 billion during the first half of 2023,...

Star Entertainment Group Experiences $1.26B Loss after Money Laundering Investigation Explore More

News

U.S. Treasury Identifies Emerging Money Laundering Risks and Vulnerabilities

The US Department of the Treasury recently issued its National Risk Assessment for Money Launderi...

U.S. Treasury Identifies Emerging Money Laundering Risks and Vulnerabilities Explore More

News

ICAEW Calls for Professional Scepticism to Mitigate Money Laundering in UAE

The Institute of Chartered Accountants in England and Wales (ICAEW) and the UAE’s Accountants &am...

ICAEW Calls for Professional Scepticism to Mitigate Money Laundering in UAE Explore More

News

Australia introduces new rules to tackle mobile identity theft

Acma (Australian Communications and Media Authority) has introduced a new regulation to fight ide...

Australia introduces new rules to tackle mobile identity theft Explore More

News

Failure to Join FATF Will Increase Economic Pressure

According to a top diplomat, Iran’s refusal to comply with the requirements of the Financial Acti...

Failure to Join FATF Will Increase Economic Pressure Explore More

News

ECB Will Be Launching Digital Euro Project

An electronic equivalent of banknotes and coins, the digital euro will likely be a digital wallet...

ECB Will Be Launching Digital Euro Project Explore More

News

Bitcoin scam exposes thousands to a data breach

Fraud websites have successfully stolen the personal records of a number of individuals from the ...

Bitcoin scam exposes thousands to a data breach Explore More

News

AUSTRAC Hits Military Bank with Enforcement Action to Ensure AML Compliance

The financial regulator in Australia has hit the Australian Military Bank with implementation act...

AUSTRAC Hits Military Bank with Enforcement Action to Ensure AML Compliance Explore More

News

OCC, FDIC, & Fed Warn Banks of Significant Risks in the Crypto Industry

Three US banking regulators, the Federal Reserve (Fed), Office of the Comptroller of the Currency...

OCC, FDIC, & Fed Warn Banks of Significant Risks in the Crypto Industry Explore More

News

EUR 27 Million Worth Crypto Assets Seized by the NCA in Money Laundering Crackdown

NCA seizes crypto assets worth £27m last year in a major money laundering crackdown Although inst...

EUR 27 Million Worth Crypto Assets Seized by the NCA in Money Laundering Crackdown Explore More

News

UAE to be Removed from FATF Gray List in 2024

The UAE’s Minister of State for Foreign Trade and chairman of the Emirates Bullion Committee hope...

UAE to be Removed from FATF Gray List in 2024 Explore More

News

IMF Joins Hands with Philippines on Wholesale CBDC Project

IMF has announced the collaboration with BSP (Bangko Sentral ng Pilipinas) for the development of...

IMF Joins Hands with Philippines on Wholesale CBDC Project Explore More

News

€18 Million of Illicit Cash Flows Undetected Across 25 EU States in Two Weeks

A major customs operation, BELENOS, by the French Customs authorities, has unveiled an illicit fl...

€18 Million of Illicit Cash Flows Undetected Across 25 EU States in Two Weeks Explore More

News

Major Law Enforcement Operation Seizes 300 Crime Rings, Millions In Crypto Recovered

Millions in crypto seized, 300 criminal syndicates raided and arrested.  In today’s financial cri...

Major Law Enforcement Operation Seizes 300 Crime Rings, Millions In Crypto Recovered Explore More

News

Danish Financial Regulatory Authority Orders Betfair to Address Money Laundering Violations

A subsidiary of Flutter Entertainment, Betfair International, has been sanctioned by the Danish f...

Danish Financial Regulatory Authority Orders Betfair to Address Money Laundering Violations Explore More

News

Home Office Reveals 20% of UK Businesses are Affected by Fraud

An extensive survey of thousands of businesses between 2018 and 2022 determined that one in five ...

Home Office Reveals 20% of UK Businesses are Affected by Fraud Explore More

News

AML Council Warns Financial Institutions to Strengthen Systems for Effective Money Laundering Prevention

Banks and financial institutions should implement a strengthened anti-money laundering system to ...

AML Council Warns Financial Institutions to Strengthen Systems for Effective Money Laundering Prevention Explore More

News

Latvia Struggles with Flow of Illicit Money Despite Regulatory Crackdown

Latvia continues to face illicit financial flow despite the regulatory crackdown that shut down t...

Latvia Struggles with Flow of Illicit Money Despite Regulatory Crackdown Explore More

News

Paraguay- Brazilian Bank Fined Heavily for Anti-money Laundering Non-compliance.

A major Brazilian Bank in Paraguayan has been sanctioned by the Paraguayan government. Latin Amer...

Paraguay- Brazilian Bank Fined Heavily for Anti-money Laundering Non-compliance. Explore More

News

TSA to test self-service facial recognition technology in the pilot program

The Transportation Security Administration (TSA) is now testing self-service facial recognition t...

TSA to test self-service facial recognition technology in the pilot program Explore More

News

Effective Measures are Needed to Tackle Money Laundering and Terrorist Financing, Says EMLCU’s Head

The Union of Arab Banks arranged the three-day anti-money laundering and terrorist financing even...

Effective Measures are Needed to Tackle Money Laundering and Terrorist Financing, Says EMLCU’s Head Explore More

News

Netflix users targetted by scammers during COVID-19 outbreak

According to a security company, Scammers are increasingly using the likeness of online streaming...

Netflix users targetted by scammers during COVID-19 outbreak Explore More

News

UK’s Decision to Dump the GDPR Raises Concerns for Online Gambling Sector

The UK is facing financial turbulence because of changing its way from participating in European ...

UK’s Decision to Dump the GDPR Raises Concerns for Online Gambling Sector Explore More

News

Visa, Mastercard Face FTC Inquiry Over Debit Card Transactions

Visa Inc. and Mastercard Inc. are once again facing inquiries by the Federal Trade Commission ove...

Visa, Mastercard Face FTC Inquiry Over Debit Card Transactions Explore More

News

Jamaican Senate Approves Order to Combat Money Laundering

The Jamaican Senate recently approved the Proceeds of Crime (DNFBPs)(TCSPs) Order, 2022, which is...

Jamaican Senate Approves Order to Combat Money Laundering Explore More

News

$8 Million Worth of Crypto Stolen From BitKeep Wallets

Cryptocurrencies worth $8 Million, including Binance Coin, Tether, Dai, and Ether, were stolen fr...

$8 Million Worth of Crypto Stolen From BitKeep Wallets Explore More

News

$2 Trillion Moved and Now Banks Resist Money Laundering Orders

According to the ICIJ journalist, BuzzFeed shared some documents disclosing the attitude of finan...

$2 Trillion Moved and Now Banks Resist Money Laundering Orders 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