Refundee- What is the Contingent Reimbursement Model Code “CRM Code”?

The complexity and variety of scams in the UK is always growing. However, there is one scam that has been going on for a long time now and is very lucrative for fraudsters. Make sure you don’t get caught out.

The methods fraudsters use to trick people out of their money are constantly changing. We look into the top 3 current bank transfer scams.

Claims management companies (CMCs) handle a range of claims on behalf of customers. Things CMCs help with include personal injury claims, employment matters and lots of issues related to financial services – most notably PPI reclaims. What is known about CMCs?

A bank transfer scam is where you’ve been tricked into sending money from your own bank account to a scammer.

Just because you sent the money yourself, it doesn’t necessarily mean that the money is lost or that the bank isn’t liable for the loss. Banks have signed up to regulations, such as the Contingent Reimbursement Model Code, that set out where they need to refund fraud victims.

What is Authorised Push Payment Fraud?

You might have heard this term bandied about in the media. It is the largest growing type of fraud, where fraudsters trick their victim into sending money from their bank account to one controlled by the criminal.