As part of their fraud prevention strategy, the Metropolitan Police are distributing posters to businesses with information on how to avoid and report fraud attempts.
The Met Police’s Falcon Prevention team are specifically highlighting the problem of 'mandate fraud' - impersonating a known contact, such as a bank or a client, and asking you to change the sort code and account number, either for making a known payment (eg in a conveyancing transaction) or else, 'to safeguard the client account against a fraud'.
- Scams against solicitors: Met police offer advice and support on fraud prevention
- Download Mandate Fraud Poster alert and information
- Download Mandate Fraud Poster for display in your office
The Council for Mortgage Lenders (CML) is also becoming more active in the face of the growing threats of fraud, producing a joint declaration which sets out the instructions banks would never give over the phone and provides advice on what to do if you receive a call purporting to be from a bank.
The risks and consequences of being defrauded are growing by the day, and so all firms are strongly encouraged to download and print the posters linked-to from this article, and to distribute them as widely as possible.