by TerranceBoyce
Wed Oct 28, 2015 3:03 pm
http://www.bbc.co.uk/news/business-34654400
What they neglect to say is that most of the money is laundered through other UK bank accounts and it is a serious offence for banks to enable the laundering of stolen money though accounts they hold.
The situation has become so bad that the UK is now the 'go to' country for criminals seeking to open money laundering accounts.
This situation cannot last because, though banks may be able to dismiss claims from private customers, now that more large companies, local government bodies and hospitals are falling victim, this situation will change.
28 October 2015
One of the UK's biggest banks has said 70% of its customers who fall victim to a scam do not get a single penny back.
Figures from the RBS Group seen by BBC Radio 5 live show the extent to which victims are losing out to scammers.
From January to September this year almost 5,000 of the bank's customers fell victim to various scams - at a total cost of more than £25m.
The bank says the average cost of falling for a scam has gone up by 40% since 2014, to more than £13,000.
What they neglect to say is that most of the money is laundered through other UK bank accounts and it is a serious offence for banks to enable the laundering of stolen money though accounts they hold.
The situation has become so bad that the UK is now the 'go to' country for criminals seeking to open money laundering accounts.
This situation cannot last because, though banks may be able to dismiss claims from private customers, now that more large companies, local government bodies and hospitals are falling victim, this situation will change.
CAR ADVERTS - If a car seller mentions escrow - he's scamming you Never ever for any reason pay anything until you have seen and inspected the vehicle
