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[SCAMEXPOSER]

The huge number of financial transactions are either started somewhere like crypto currency or in the bank but all ended in the bank for a swap to individuals local currency. It is on this note that I believe all those involved in scamming people have bank accounts that can be tracked or frozen eventually. I believe if banks during account opening ensure they follow up to the customer's provided address and verify it and also require each person comes with a guarantor should the customer involved in a scandal. I believe with this every one will conscientize his mindset and think twice before committing scam.

 

[Wisdom01]

Most major banks are now online. No matter how many securities effort you have documents can still be faked, insider bribed and more. And most bank are closed institution so they're not transparent at all.

Alright but any bank that accept fake documents is might regret it later,, the popular ones I have used make use of high verification so its difficult to use forge documents

 

[Balint098]

Alright but any bank that accept fake documents is might regret it later,, the popular ones I have used make use of high verification so its difficult to use forge documents

If someone forged a document it's not the bank's fault, it's the fault of those who use the documents. Anything can be forged, sometimes it's the government officials who provide forged documents even.

 

[Wisdom01]

If someone forged a document it's not the bank's fault, it's the fault of those who use the documents. Anything can be forged, sometimes it's the government officials who provide forged documents even.

Well have not seen such type of forged documents given by the government because in some countries the financial institutions have data base to check if its fake or not

 

[Balint098]

Well have not seen such type of forged documents given by the government because in some countries the financial institutions have data base to check if its fake or not

Public won't know about it because they're dealing in secret. And who said that most financial institutions also won't take bribe?

 

[Niftyicon]

I still maintain that there is a limit to what the banks can do. For instance, someone was robbed and at gunpoint was made to transfer all his funds into the robbers account. He was kept hostage until the thief could withdraw all the money. Even with the bank's best efforts the money disappeared with no trace. How do you judge the bank when it has no foresight into a criminal's mind?

 

[Wisdom01]

Public won't know about it because they're dealing in secret. And who said that most financial institutions also won't take bribe?

If its secret and bribe related then yes ,but when it comes to a normal circumstances then I think the bank do strict verification process and others

 

[Balint098]

If its secret and bribe related then yes ,but when it comes to a normal circumstances then I think the bank do strict verification process and others

Yes, all banks have strict verification process, but just like many other financial institutions, bribing bank official can circumvent such process. As long as there's greed-motivated weak link in the form of human intervention in a larger security system, most security measures can be breached.

 

[George10640]

I still maintain that there is a limit to what the banks can do. For instance, someone was robbed and at gunpoint was made to transfer all his funds into the robbers account. He was kept hostage until the thief could withdraw all the money. Even with the bank's best efforts the money disappeared with no trace. How do you judge the bank when it has no foresight into a criminal's mind?

Sure i agree with you but the details is only what is wanted from the bank so as to help in further investigation. I think the recipients details will be seen from the one forced to send the money. The bank will just play a good role in participation.

 

[Niftyicon]

Sure i agree with you but the details is only what is wanted from the bank so as to help in further investigation. I think the recipients details will be seen from the one forced to send the money. The bank will just play a good role in participation.

That is where the fake credentials come in. The criminal probably used fake documents to secure an account and when his evil deed is done, disposes that and moves on to another one.

 

[mesbakh]

The huge number of financial transactions are either started somewhere like crypto currency or in the bank but all ended in the bank for a swap to individuals local currency. It is on this note that I believe all those involved in scamming people have bank accounts that can be tracked or frozen eventually. I believe if banks during account opening ensure they follow up to the customer's provided address and verify it and also require each person comes with a guarantor should the customer involved in a scandal. I believe with this every one will conscientize his mindset and think twice before committing scam.

yup, I totally agree. indeed it is the bank's duty to clear the scam from this world. they are financial institutions and they should be if they make customers feel safe and comfortable in saving money

 

[Ofonime]

The move of banking to advanced channels is making an upset in banking misrepresentation. Until a couple of years prior, this was the protect of little scope hoodlums endeavoring to take moderately unobtrusive totals. However, today, advanced financial misrepresentation is a significant worldwide industry where modern criminal gatherings utilize progressively refined devices – and often connive with degenerate bank staff – to take massive aggregates. This way has pushed up the liabilities that banks must assimilate to cover the misfortunes their clients endure because of extortion.

bank are always strict I dont think that any fruedulent activity can come into the banking industry without detection,once you conduct any friendly activity in your account the bank detect it and if fruadulent the bank also detect it as well,

 

[SCAMEXPOSER]

Not as strict as you imagine because to a greater extent they give or aided most of the scam activities we see on daily of hacking to bank accounts. Banks just need to manage their hiring and firing.

 

[microunit]

yup, I totally agree. indeed it is the bank's duty to clear the scam from this world. they are financial institutions and they should be if they make customers feel safe and comfortable in saving money

the thing is though that banks can't completely eradicate those scams but they can mitigate it to an extent. Scams are everywhere. Banks can also atleast educate people to prevent more scam, though in the end it's still up to the person as a person who has no information or knowledge about a thing is easier to scam

 

[SCAMEXPOSER]

To a greater extent banks in my country do send SMS to customers not give out their details to any caller claiming to be calling from the bank because that has been their strategy.

 

[Wisdom01]

the thing is though that banks can't completely eradicate those scams but they can mitigate it to an extent. Scams are everywhere. Banks can also atleast educate people to prevent more scam, though in the end it's still up to the person as a person who has no information or knowledge about a thing is easier to scam

Even if the banks educate the people there are more tactics scammers changes and use to make sure people get riped off their hard earned cash

 

[microunit]

Bank on their own, I don't think they are ready to eradicate scam, because most of these scammers use bank accounts

nope, you are kinda wrong there, as most scammers nowadays are using cryptocurrency for ransom as cryptocurrencies have anonymity feature

 

[mesbakh]

the thing is though that banks can't completely eradicate those scams but they can mitigate it to an extent. Scams are everywhere. Banks can also atleast educate people to prevent more scam, though in the end it's still up to the person as a person who has no information or knowledge about a thing is easier to scam

Yeah we know. But in many cases, there arae data leakeage which so suspicious seemingly brought by some people who work in the bank

 

[microunit]

Yeah we know. But in many cases, there arae data leakeage which so suspicious seemingly brought by some people who work in the bank

well I think there are these employees in the bank who takes bribe or money in any way to leak or sell information data about their users

 

[tray59]

Banks should be able to detect and eradicate scam its for their own good and to protect their business now the world is a technological world so to operate and catched fraudstars is always easy.

 

[Wisdom01]

Bank on their own, I don't think they are ready to eradicate scam, because most of these scammers use bank accounts

Okay if they use bank account it would be even easier to catch those criminals and others that partaked in the scam because crypto is hard to trace