International fraudsters are exploiting the name of the European Union’s
anti-fraud office OLAF to extort money through counterfeit requests for payment.
The European Union agency is warning that fake OLAF letters are being sent to
victims accusing them, for example, of having made irregular bank transfers and
violating EU money-laundering legislation.
Bearing a fake OLAF logo and address, the letters then demand a payment to
make amends. ‘OLAF advises (recipients) not to follow any such requests without
verifying their origin and calls on (them) to report any similar suspicious
situations to the police,’ said spokesman Alessandro Butticé.
Related reading
Increased government spending partly offset by high tax revenue
Government spending this tax year to date has surpassed forecasts, and debt continues to rise, but this is partly allayed by increased tax revenues
Adapting to change: Regulatory developments leading the way in CFD trading
CFDs are undergoing change, with regulatory control on financial trading tightening as regulators crack down on non-compliant brokers
HBOS in 2017: The ongoing scandal
Many questions remain unanswered following the HBOS scandal. How did six people get away with so much for so long? How has Lloyds responded? What are the next steps for small businesses affected?
Transparent currency trade: How to achieve costs visibility
Do you know how much margin is being charged on currency exchange services?
