Do you Employ Workers Abroad? Take Care!
A clever new scam targets employers who have overseas employees. On the receipt of an official-looking letter from ‘The Central Tax Unit, Kensington House, 33 Imperial Square, Cheltenham’ an employer might well be tempted to respond to the request for further information regarding their overseas employees. The information requested includes details of their bank accounts, which the criminals then attempt to plunder.
Scams such as this are becoming increasingly common, so stay on the lookout!
According to accountants KPMG, over the last five years there has been a threefold increase in cases of fraud coming to trial, of which a third involved management and employees who had defrauded their companies of around £106m. They reported that in 2004, UK businesses were also conned into paying millions of pounds to phantom workers and nearly £70m in bogus invoices.
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