What to do if you have been the victim of business fraud or scammers
Unfortunately, the small business sector has recently been targeted more and more by scammers and fraudsters trying to use their bank accounts to launder stolen or dirty money they have obtained illegally. If you think you may have been the victim of this type of devious, underhanded crime then report it to Action Fraud, make sure to inform your bank, change passwords on any accounts and be vigilant if you receive any phone calls from companies offering to get your money back! Action Fraud will contact the National Fraud Intelligence Bureau on your behalf who will investigate the scam for you and will give you an official reference number so you can keep up to date with any findings.
To prevent scammers and potential fraudsters from hacking your business accounts you should take all the precautions you can. The most effective way to do this is to retain a professional company such as https://www.w2globaldata.com/regulatory-compliance-solutions-and-software/know-your-customer who specialise in KYC or Know Your Customer, they will do an in-depth and thorough search of any future business clients, check out their credit history and make sure they are a legitimate company.
The most common scams targeted at small businesses are loan fraud, card and check payment fraud, payroll fraud and online phishing attacks. The Serious Fraud Office will get involved when a complex case of bribery, fraud or corruption is suspected, and they will conduct the investigation and prosecute anyone found guilty of such an offence.