Fraud Prevention
Protecting You and Your Money
Fraud continues to rise worldwide. It affects individuals, businesses, and public bodies. High-net-worth clients and companies are often targeted because they move larger amounts of money. Older and more vulnerable people are also at higher risk and can suffer both financial and emotional harm. Staying alert is the best first line of defence.
Common Types of Fraud
Impersonation Fraud
Criminals pretend to be a trusted organisation to obtain personal or financial information.
‘Safe Account’ Fraud
Scammers pose as your bank, the police, or another authority. They pressure you into moving your money to a so-called “secure” account.
Investment Fraud
Fraudsters use cloned websites, fake documents, or false claims of regulated status to promote bogus investments.
Romance Fraud
Scammers build relationships on social media or dating sites to gain trust before requesting money.
Purchase Fraud
Fraudsters offer goods or services that do not exist and ask for direct bank transfers.
Why Fraud Is Increasing
Fraudsters adapt quickly to economic uncertainty and global events. They use current issues, such as the cost-of-living pressures, to make their scams appear more convincing.
Fraud or Scam – What Is the Difference?
- Fraud can occur without your involvement.
- Scams rely on manipulating you into taking an action.
How to Protect Yourself
- Be cautious with unexpected calls, emails, or text messages.
- End the call if you feel pressured or uncomfortable.
- Do not click on links unless you are sure the message is genuine.
- In the UK, you can report suspicious text messages by forwarding them to 7726.
New and Increasing Scams
Energy Rebate Scams
Fake messages claiming you are due a rebate.
Multi-Stage Scams
Once your details are stolen, criminals may contact you again pretending to “help”, often leading to further losses.
Signs of Bank Account Fraud
Look out for:
- Urgent demands for action
- Claims that your account is at risk
- Requests to download remote-access software
- Requests to share security codes sent by text
- Instructions to ignore fraud warnings from your bank
What To Do If You Suspect Fraud
- Contact your bank immediately so they can stop further activity.
- Report the incident to your local police force.
- In the UK, use Action Fraud (or Police Scotland if you are in Scotland).
Contact TAM International
If you receive an email, call, or message that appears to come from TAM International and you are unsure whether it is genuine, please contact us directly. We will never ask you for passwords, security codes, or other sensitive information.
Email: compliance@tamint.com
Telephone: +230 5259 3500