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18/07/2001
LOCAL BUSINESSES FALL PREY TO FRAUD
BANKS are to contribute to the costs of a new task force to tackle organised credit card fraud.
Under a proposed partnership being discussed with the Home Office, APACS, which runs the clearing system between banks, is already involved with training of police officers, with the Home Office confirming that discussions were taking place between the banks and the police with the aim of creating a dedicated law enforcement agency.
Credit card fraud cost £300m last year and is expected to reach £800m by 2005.
The news follows a report which revealed that a Northern Ireland couple have reportedly lost over £11,000 due to a bogus phonecard franchise company.
The company which is behind the £80 million business scam originally advertised for investors in the Daily Mail. The company is currently under investigation by the Metropolitan police
The business involved selling phonecards which give user discounted rates on production of a PIN number. (MB)
Under a proposed partnership being discussed with the Home Office, APACS, which runs the clearing system between banks, is already involved with training of police officers, with the Home Office confirming that discussions were taking place between the banks and the police with the aim of creating a dedicated law enforcement agency.
Credit card fraud cost £300m last year and is expected to reach £800m by 2005.
The news follows a report which revealed that a Northern Ireland couple have reportedly lost over £11,000 due to a bogus phonecard franchise company.
The company which is behind the £80 million business scam originally advertised for investors in the Daily Mail. The company is currently under investigation by the Metropolitan police
The business involved selling phonecards which give user discounted rates on production of a PIN number. (MB)
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25 June 2003
Serious Fraud Office investigates major insurance scam
The Serious Fraud Office (SFO) in conjunction with the PSNI have revealed that around 1,000 local businesses have been affected by a multi-million pund insurance scam. The investigation centres on a number of insurance brokers based in England and one operating in Northern Ireland.
Serious Fraud Office investigates major insurance scam
The Serious Fraud Office (SFO) in conjunction with the PSNI have revealed that around 1,000 local businesses have been affected by a multi-million pund insurance scam. The investigation centres on a number of insurance brokers based in England and one operating in Northern Ireland.
18 February 2002
AIB may seek help from other banks following fraud case
A report in a national UK Sunday newspaper has claimed the Allied Irish Bank (AIB) has approached other banks to ask for help on how to improve its financial controls.
AIB may seek help from other banks following fraud case
A report in a national UK Sunday newspaper has claimed the Allied Irish Bank (AIB) has approached other banks to ask for help on how to improve its financial controls.
31 January 2005
Rising fraud spirits away millions from UK businesses
The total number of fraud cases in the UK rose by 14% in 2004, according to latest figures from KPMG’s 'Fraud Barometer', but the overall value of frauds being committed fell by 12%.
Rising fraud spirits away millions from UK businesses
The total number of fraud cases in the UK rose by 14% in 2004, according to latest figures from KPMG’s 'Fraud Barometer', but the overall value of frauds being committed fell by 12%.
20 February 2002
Alleged AIB fraud started as far back as 1997
Allied Irish Banks (AIB) has revealed that the alleged fraud discovered earlier this month at its US subsidiary had been going on as far back as 1997. The news came as the bank reported its results for 2001 and finalised the losses it incurred as a result of the fraud at $691m.
Alleged AIB fraud started as far back as 1997
Allied Irish Banks (AIB) has revealed that the alleged fraud discovered earlier this month at its US subsidiary had been going on as far back as 1997. The news came as the bank reported its results for 2001 and finalised the losses it incurred as a result of the fraud at $691m.
31 July 2009
Developer Loses Court Bid To Appoint Examiner
Six companies controlled by the well known property developer Liam Carroll, will not be appointed an examiner, a court has decided.
Developer Loses Court Bid To Appoint Examiner
Six companies controlled by the well known property developer Liam Carroll, will not be appointed an examiner, a court has decided.
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