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Small businesses are being warned to be on the look-out for so-called overseas investors looking to trick them into laundering money

25 May 2016

The National Fraud Intelligence Bureau’s (NFIB) Proactive Intelligence Team says that money launderers based  abroad are emailing or phoning UK firms saying they want to invest in their businesses.

But, over time, they transfer large amounts in frequent, small transactions to avoid the movement of money being flagged up by the banks. The NFIB believes some of the money being laundered is the proceeds of online  dating fraud.


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