Bank account fraud investigation procedure

colsten

adz123 said:

colsten said:

If you have been a money mule and got away with just an account closure and no CIFAS markers, you should thank your lucky stars. Don't expect you can get away with yet another crime.

😅😅yes never again. But I don’t know if I’m out the woods yet. 

I am sure you will find out eventually. Sorry, not sorry.

Thrugelmir

In this technological age. Reporting of data centrally makes piecing together a much bigger picture far easier. Likewise sharing of information. In the world of business some customers simply aren't worth the bother to deal with. Hence the willingness of banks now to close accounts rather than spend valuable resources investigating and monitoring. After all normal retail banking activity is very straightforward. The unusual soon sticks out. 

adz123

Thrugelmir said:

In this technological age. Reporting of data centrally makes piecing together a much bigger picture far easier. Likewise sharing of information. In the world of business some customers simply aren't worth the bother to deal with. Hence the willingness of banks now to close accounts rather than spend valuable resources investigating and monitoring. After all normal retail banking activity is very straightforward. The unusual soon sticks out. 

I see, so in essence it’s more time and cost effective for banks to let the system spot fraud activities rather than manually investigate a suspect they find suspicious. I believe this might be even more the cast for revolut.  

Thanks 

colsten

adz123 said:

Thrugelmir said:

In this technological age. Reporting of data centrally makes piecing together a much bigger picture far easier. Likewise sharing of information. In the world of business some customers simply aren't worth the bother to deal with. Hence the willingness of banks now to close accounts rather than spend valuable resources investigating and monitoring. After all normal retail banking activity is very straightforward. The unusual soon sticks out. 

I see, so in essence it’s more time and cost effective for banks to let the system spot fraud activities rather than manually investigate a suspect they find suspicious. I believe this might be even more the cast for revolut.  

Thanks 

Revolut is not a bank (though they have now applied for a banking licence). They are very switched on when it comes to identifying fraudsters.

adz123

Is there a chance even though I haven’t been given the cifas marker the bank would still report it to the police ?