Fraud Awareness

At Inara Transfers Ltd, we are committed to prevent fraud and are here to provide help and support but believe it is important for our customers to understand the fraud risks so that they can protect themselves from being victims of scams. Please review the below common fraud types. If you have any questions or concerns, please do not hesitate to contact our customer care team on 0207 252 5950.

Rental Property Scam

This type of fraud is usually targeted at foreign students. The avenues used are gumtree and other sites used to advertise property. The fraudster will set up an advertisement for a property with the rental amount well below the market rate (too good to be true), pictures are used for other properties found on the internet. Due to the competitive pricing of the property, the fraudster will receive a number of queries. If the victim requests to view the property, the fraudster will claim he is out of the country and will request for a deposit to be sent to ensure that he can reserves the property as demand is high. When the money is sent, the fraudster disappears. The property never existed.

Grandparent Scams
A fraudster claiming to be a relative in distress or representing the relative such as a lawyer or law enforcement will contact the victim. The relative of the grandparent claims that she is in trouble and needs their grandparent to send them funds that will be used to pay hospital fees, lawyers’ fees or other fictitious expenses. The victim is advised by the fraudster not to tell anyone, to only inform the grandparent. Calls may be received at night to confuse the victims.
Unexpected Prize & Lottery Scam
This scam involves a request being received to pay a fee in order to claim a prize or winnings from a competition or lottery that has never been entered in to by the victim. The fraudster will contact the victim via mail, telephone, email, text message or through social media claiming that the victim has won a fantastic prize in a competition or sweepstake that the victim does not remember entering. The prize could be a holiday, electronic equipment such as a laptop or smartphone or an international lottery. A fee is requested by the scammer to release the funds. They will often claim that the fees are for insurance costs, government taxes, bank fees or courier charges. The scammers make money by continually collecting these fees and stalling the payment of winnings. In order to avoid victims from further looking in to this or asking someone about the scam, fraudsters will urge the victim to keep the information confidential and to respond quickly.
Advance Fee Scam
The victim pays a payment in advance for a promise of goods or services such as a loan or a credit card. After the funds are sent by the victim, the goods or services are never received. The victim is contacted by mail, phones, fax or email.
Mystery Shopper Scam
Newspaper ads and emails are used to create an impression that the mystery shopping jobs are a gateway to high paying jobs. Often websites are created where a victim can register to become a mystery shopper but a fee has to be paid to obtain information on certification programs, to obtain a list of mystery shopping companies or guarantee of a mystery shopping job. The certification offered is worthless, the list of mystery shopping companies can be found for free online and genuine mystery shopper jobs are listed on the internet. The shopper may also be sent cheques by the fraudster with a request to bank the cheque and to send back an amount. The cheque does not clear and the victim would have sent back a portion of the funds and would be responsible for the bounced cheque.
Employment Scam
Employment sites are used to recruit victims. The victim believes he has a applied for a genuine job. The fraudster then sends a cheque requesting the applicant to bank this to cover the expenses of the credit check, application fees or recruitment costs. The fraudster will request the victim to use the funds for these expenses which will be required for the job and to send the remaining balance back. The cheque will bounce and the victim will be responsible for the amount of the cheque.
Tax Scam
The fraudster will contact the victim demanding a tax payment, threatening the victim with an arrest, fines, deportation, ceasing of property etc. The victim will be required to make an urgent payment through a money transfer service provider to avoid action being by the government agency. This is not how government agencies operate, tax demands are always sent through the post.
Relationship/Romance Scams
Victims are targeted through online dating apps or social networking sites. Romance scammers create fake profiles on dating sites or contact targets through popular social media sites like Facebook, Instagram etc. The scammers will socially engineer the victims, striking a relationship with their targets to build their trust, this can sometimes go on for months. The scammer will eventually make up a story and ask for money. Common stories are: working in the military, working as a doctor, requesting for payment for surgery or emergencies, paying off debts & paying for travel or a visa. The victim is requested to send a money transfer. The victim at this point may have become so emotionally involved that it may become difficult to deter them from sending money. Ask the victim to talk to a friend or relative about the situation and refuse the transaction.
Tech Support Scams
Scammers will usually contact the victim either through phone calls or through pop ups on the web browser. When phoning, the scammer will claim he is calling from a well know tech company such as Microsoft and will inform the victim that they have an issue with their pc such as a virus. They often ask for remote assistance and will demand payment via a money transfer service provider for a problem that never existed. The pop up on the victim’s system will claim there is a system error or virus issue and request a call to a number where the again the scammer will demand payment for a non-existent issue. Scammers may also try to get their website to show up on online search results for tech support.
Charity Fraud
The victim is contacted by a fake charity or someone claiming to represent a genuine charity with a request for payment through a money transfer company. Recurrent payments may be requested. Genuine charities do not request for payment to be made via a money transfer service provider. Victim may be contacted by phone, email or post.
Family Emergency Scam

Fraudsters will pose as relatives or friends, claiming that they have an emergency and require for funds to be sent urgently. Common scenarios used: to pay for hospital treatment or to leave a foreign country. The scammer will gather information on the victim from social networking sites or may hack the email of the victim and obtain information on contacts or hack the email of a relative. They may also involve other crooks that claim to be police officers or lawyers.

Immigration Scams

A scammer will claim to be a government official when contacting the victim and have access to private information on the individual which he will use to convince the victim that the request is genuine. The scammer will then demand payment for resolving any immigration issues that the victim may declare. The victim me be threatened with legal action or deportation if he does not comply. Immigration officers do not collect money or payments by phone or through money transfer service providers.

Internet Purchase Scam

The victim purchases an item on the internet but the item is not received after payment is made. The items being sold could be well below their market value & may appear to be genuine with the fraudster using various methods to make the item being sold appear genuine.

Fake/Fraudulent Cheques

Fraudster will send a cheque for an amount more than what the victim expects to receive for a product or service. The fraudster will request to bank the cheque and send back the excess amount through a money transfer service provider. The cheque will bounce and the victim will be left out of pocket.  As described earlier, the victim may also be sent a cheque to cover the expenses for accepting an employment, purchases etc. & will be left out of pocket when the cheque bounces.

Telemarketing

This refers to the marketing of goods and services by telephone, usually unsolicited to potential customers. This covers a number of different fraud types where consumers are contacted by phone e.g.  charity fraud, lottery scam, internet purchases, immigration scam & advance fee scam.

Identify Theft

Identity theft is the crime of obtaining the personal or financial information of another person to use their identity to commit fraud, such as making unauthorized transactions or purchases. Identity theft is committed in many different ways and its victims are typically left with damage to their credit, finances, and reputation.

Cash Flipping Scam

‘Cash flipping’ is used by criminals who lure vulnerable victims into parting with a small amount of money – and their bank details – with the promise they will receive a larger sum in return for their services. Their account is then used to move money in and out to launder funds.

Extortion Phishing

Extortion phishing Scams are used to obtain personal information from a victim. The emails sent usually contain some personal information already e.g. date of birth and the message will say that they have more personal information which they will expose online unless they are paid. Although they seem very targeted, most extortion scams cast a wide net. Cyber criminals collect lists of passwords or other info through data breaches or by buying them on the dark web. They will then send an email to everyone on their list to see if someone will take the bait and respond. Often, they will ask for payment in Bitcoin or another form of cryptocurrency, which is harder to trace. One of the most common types of extortion is sextortion where the cyber-criminal has obtained private images, messages or videos and uses this to extort the victim.

Protect yourself from Being a Victim of a scam. Never send to a stranger or someone you have met online, never send for any of the above reasons or where you have any doubts, never share the details of your transaction with a third party. Stay informed, scammers are always looking for new ways to scam victims.

If you suspect you have been a victim of a scam, Inform the police immediately. Action fraud is the UK’s national reporting centre for and cyber-crime where fraud should be reported if you have been scammed. They can be contacted on 0300 123 2040 or through their website: www.actionfraud.police.uk

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Inara-Transfers Ltd. Is authorised and regulated, by the Financial Conduct Authority (FCA), firm number 572188, as a Payment Institution (API), as required under the payment services regulation 2017. We are also registered with HMRC as a Money Services Business, registration number 12115403.

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