BANK SCAMS

                                                                                   

Bank scams, countries, world, scam
bank scams


First, start with a list of the types of bank scams:

                                                There are a wide variety of bank scams (explained in the title!) and today, we will learn about the common types of bank scams.
                   
                                                             The scams that we will learn about, although they are not the ones discussed in the caption at the beginning of this article, are not as common as the ones discussed. However, our goal is to be as comprehensive as possible and so we can put the same list of fraud techniques in all the possible fraud locations.

For an overview of different scams,

                                                               The UK Serious Fraud Office (SFO) offers a free-of-charge list of scams, so you can find out more about them.

The rate of scams:

                                       The rates of bank fraud depend on several factors, including the countries where a bank is located, its sector of the economy, and the severity of fraud committed in the country. For example, India is in a higher risk group than Pakistan.

The levels of regulation and intelligence:

                                                                                     If a scammer suffers from conditions that reduce the possibility of detection or successful prosecution, for example, anemia, alcohol dependency, or mental illness, his probability of committing a bank.

The size of the internet:

                                                   The internet is a bonanza for fraudsters, which is why many banks or financial firms are willing to collaborate with law enforcement agencies as a way to resolve. Most financial institutions are located in Switzerland, which is a low-risk country when it comes to fraud in banking. This is why when we learn of fraud in any country, we tend to see the same pattern.

The types of internet scams:

How the various types of fraud are organized:

                                                                  When the foreign currency components of the bank break down, the international monetary systems break down.

                                                                   Even with all these and many other variables that might affect the probability of a bank scam taking place,

                                                                 If we look at the trends of some of the largest banks (i.e. Barclays and JPMorgan Chase), we can note that the way fraudsters arrange themselves has changed recently. In previous years, fraudsters have first targeted those bank groups that had been weakened by the global financial crisis.

                                      The banks that had been profitable in recent years (for example, BNP Paribas, BNPFI, Morgan Stanley) have also had fewer scams take place. In the meantime, those banks that suffered from financial crises between 2008 and 2009 have experienced higher frauds. So many of the techniques and methods, that we learned about at the beginning of this article, have been used, recently.