Payment diversion fraud involves criminals deceiving individuals or businesses into transferring funds to bank accounts under their control.
Author Archives: Matthew Andrews
Fraud prevention – protecting yourself from courier fraud
Courier fraud will usually start with a fraudster contacting their victim by phone and posing as a representative from a bank, utility company, or some other legitimate organisation. They will then pressure their victim into disclosing their personal or financial information, or to transfer funds to a specified account.
Celebrating TorFX’s win as ‘Best Currency Broker’ at the 2025 Good Money Guide Awards
We’re thrilled to announce that TorFX has been crowned ‘Best Currency Broker’ at the 2025 Good Money Guide Awards.
Fraud prevention – protecting yourself against fraud at the end of the tax year
Your safety and the security of your money is our highest priority, and we implement stringent safeguarding measures to protect all our customers. However, it’s also important for you to take steps to shield yourself from fraud.
Fraud prevention – protecting yourself from recovery scams
A recovery scam is a type of fraud in which scammers pose as professionals—such as financial advisors, legal experts, or investigators—who claim they can help victims retrieve lost funds from previous scams. These fraudsters often request advance payments or personal information under the guise of assisting in fund recovery.
Do your clients have currency needs?
As an accountant, you may find that your clients need to transfer money overseas. It may be the occasional payment for a personal client, or perhaps you handle currency transactions for a number of businesses. Either way, working with the… Continue reading “Do your clients have currency needs?”