Today’s Fraud News from around the world:
Taxing time: How the pandemic will affect filing your taxes: Tax filing season will start a bit later this year and look a bit different too. That’s because the pandemic that defined 2020 has seeped into tax time too. If you worked from home, received a relief …: “Fraud” – BingNews
20% rise in bank fraud linked to online dating scams during lockdown: Romance scams increase by 12 per cent annually to £18.5m between January and November 2020 Trade association UK Finance recorded a 20 per cent increase in bank transfer fraud linked to romance scams …: “Fraud” – BingNews
Donald Trump impeachment: What happens next and who are the key players?: Donald Trump’s second impeachment trial is underway in the US – with the former president the first in history to be impeached twice.: “Fraud” – BingNews
Alexei Navalny’s wife Yulia flees Moscow for the safety of Germany after Kremlin foe husband is jailed: CAGED Kremlin critic Alexei Navalny’s wife Yulia Navalnaya has fled Russia for Germany, Interfax reported today. Navalnaya reportedly flew to Frankfurt from Moscow’s Domodedovo Airport. Yulia’s …: “Fraud” – BingNews
Audit fraud: Row over expectation gap reopens old wounds: The Pensions & Investment Research Consultants (PIRC) has taken issue with a consultation by the International Auditing and Assurance Standards Board (IA …: “Fraud” – BingNews
Woman who faked having cancer to defraud well-wishers is jailed: Nicole Elkabbas, from Broadstairs in Kent, has been jailed for 2 years 9 months after eliciting over £45,000 in public donations …: “Fraud” – BingNews
Trump ‘beyond angry’ with impeachment defense team’s ‘shoddy performance’ as Republicans call for lawyer’s removal: DONALD Trump is “beyond angry” with his impeachment defense team’s “shoddy performance” as Republicans have called for the lawyer’s removal, reports claim. The former …: “Fraud” – BingNews
‘Romance fraud’ has risen by 20% during lockdown – how to stay safe when dating online: According to new figures from UK Finance, romance fraud – which refers to someone being scammed out of money by someone pretending to be interested in a relationship – has risen during lockdown.: “Fraud” – BingNews
Law changes needed to tackle ‘sophisticated’ online scams: The government needs to adapt its forthcoming Online Safety Bill to bring in extra protection for consumers against online fraudsters.: “Fraud” – BingNews
Accomplice received £20 and a burger in £175,000 holiday scam: A homeless man who helped fraudsters rip off holidaymakers in a £175,000 scam involving bogus accommodation websites only received £20 and a McDonald’s meal, Sheffield Crown Court has heard.: “Fraud” – BingNews
Fraud Prevention Tip: New-age Fraud Prevention Systems – Whereby technology has brought its own set of scams it has also provided a fighting tool against such risks. From manual searches and checks to automated AI based fraud prevention software. These 3rd party s/w providers give an array of scam busting options (real-time identity verification, document verification, background checks) that you can add to your arsenal to protect your business interests. The digital KYC services that these providers give are mostly foolproof and given the recording of any transactions they can be your proof of purchase in case of false charge-backs.