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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]

The best way to stop scammer is by constant coding, the bank wouldn't be able to do this alone it also required the effort of account owner because hackers come up with a technique everyday

I think public enlightenment would actually be best ,because those bank users needs to be more enlightened on the recent scams too

 

[yourenglishcafe]

I'm inclined to believe you because they get away with so much it's unreal. Yet whenever they face financial ruin or there's a financial crisis, they are the first ones that beg to be bailed out by their government - and they always receive help ahead of everyone! Airlines are never sympathetic to the customer's plight either. Case in point, if you miss your flight, you have to buy a new ticket - it doesn't matter what reason you give.

Yes, banks do take advantage of their situation. If a big bank fails it will cause a huge problem in many other parts of the economy, so governments do almost anything they can to avoid banks failing - and of course banks know that they will --- airlines too, pretty much the same....

 

[Obasuyi charles]

Well I don't know about other countries, in my country no bank cares about scammer all they know is "come and deposit with us" politicians are the greatest scammer in my country.

 

[Kunkun]

Preventing scam is not necessarily the task of banks , but that doesn't mean improvement can be done on their part to curb the spread of fraudulent activities

 

[Kimetsu18]

I think it will difficult for banks to eradicate scam plus it isn't the job of the bank to track or investigate where the money is coming from except there is a criminal investigation, court order or under extreme circumstances.

 

[Ridorz]

Nothing is 100% safe in this world, sadly. Hackers are smart and creative people with years of experience in the field of programming behind their back.

Yes, I agreed with you. Hackers are working hard everyday by day in which to get knowledge and scams people, so there is no 100% sure protection. But we just I have to be always vigilant.

 

[Corzhens]

I didn't know that banks accept crypto coin for exchanging into fiat currency. In our country there is no issue of crypto coin because there are very few crypto coin users.

 

[Setfragil]

You are right. If banks should do good follow-up in verifying the authenticity of all the details submitted by every account holders, the issue of scammers will be reduced to the barest minimum. Sometimes, scams were even carried out by banks officials in some few cases due to the quality of information of accounts holders that they have access to.

 

[Razor1911]

You are right. If banks should do good follow-up in verifying the authenticity of all the details submitted by every account holders, the issue of scammers will be reduced to the barest minimum. Sometimes, scams were even carried out by banks officials in some few cases due to the quality of information of accounts holders that they have access to.

But banks are only institutions for financial transactions. This only cannot eradicate scam fully. There should be some kind of audit system, as we say comptroller and auditor general your country.

 

[gammarays]

Well,if you know how scammers work, it won't be easy to eradicate scams. Do you know they have a network that recycles the money or wash it to be made clean in local slangs i.e. they channel the money to legit stuffs first to make it legal.

 

[yourenglishcafe]

Well,if you know how scammers work, it won't be easy to eradicate scams. Do you know they have a network that recycles the money or wash it to be made clean in local slangs i.e. they channel the money to legit stuffs first to make it legal.

Yes, there are many ways to wash money - but most of those ways are known to law enforcement and they will always do their best to track and trace people doing so.
I would suggest you read "MR Nice", it is an excellent, and very funny, autobiography of a criminal and all the ways he washed his money - they are ingenious ... but he was caught in the end!

 

[gammarays]

Yes, there are many ways to wash money - but most of those ways are known to law enforcement and they will always do their best to track and trace people doing so.
I would suggest you read "MR Nice", it is an excellent, and very funny, autobiography of a criminal and all the ways he washed his money - they are ingenious ... but he was caught in the end!

That's just the law of karma, not every scammer were caught. Some later ended up becoming successful like every other person while others got poor later.

 

[microunit]

Properly educating people should be what would eradicate scams, as there won't be much scams going around if the people know how to detect the scams

 

[yourenglishcafe]

Properly educating people should be what would eradicate scams, as there won't be much scams going around if the people know how to detect the scams

While you are quite right, there does seem a (HUGE) proportion of the population that just can't be educated.
Take the current pandemic, we try to educate people about the importance of vaccines but so many people choose to believe lies instead - I suspect online scams are just the same, however hard you try to educate people, a lot of people will choose to believe lies instead.

 

[microunit]

While you are quite right, there does seem a (HUGE) proportion of the population that just can't be educated.
Take the current pandemic, we try to educate people about the importance of vaccines but so many people choose to believe lies instead - I suspect online scams are just the same, however hard you try to educate people, a lot of people will choose to believe lies instead.

Yeah , majority of those people are really ignorant with stuffs, and i guess they have to learn things the hard way so that they will truly will learn the important stuffs

 

[Brain]

Yeah , I know of Interpol , they need to step up the game so that more cultprits can be brought to book. Recently you see young boys driving expensive car that ordinarily they can't afford but since they scam people they are able to .

This is why Banks need to help here and stop all the dekdeka

 

[Brain]

This is why the banks needs to step up and help than all the delay tactics the employ to cover the criminals. A lot of money deposited into some accounts needs to be probed

 

[gammarays]

I think every transaction on earth should be linked to a kyced account. Scammers prefer crypto because it's anonymous and difficult to trace. If banks can be empowered to trace every financial dealings, scamming will reduce.

 

[microunit]

I think every transaction on earth should be linked to a kyced account. Scammers prefer crypto because it's anonymous and difficult to trace. If banks can be empowered to trace every financial dealings, scamming will reduce.

You can't really just out KYC to cryptocurrencies though, and the thing that outs people off from banks is that their personal infos are even sold off by banks

 

[Acrosin]

I don't think it is working effectively. They will always find a way to bypass the banks. The banks do not act as mediators for all transactions and that is why scamming is high. Banks cant investigate their customers so far the amount deposited or received is in line with the holder's typenof account.