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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.

 

[Balint098]

But I believe that in due time and really soon scam will be reduced to the barest minimum.

People have been scamming each other since thousand years ago bud. There's no stopping scams.

@Samtos15 Lazy one aren't you? Don't go copy pasting from articles and wiki pages and the make them your own comments.

 

[tray59]

The rate of scam in our financial institution seems to be reduce this days but we as individual need to join hand and fight against this corruption,report any fruadulent activity you notice to the nearest law enforcement agency.

 

[Niftyicon]

As technology spreads, undoubtedly scams will too. Scammers have come to stay. all we can do is to be cautious and do away with greed. We just have to live with them because banks can only do so much.

 

[Blessed15]

Banks can only carry out KYC measures at account opening and trace only those transactions that pass through their platforms. Asking banks to ensure that everyone who opens an account has a guarantor will be too onerous.

 

[ELSA-ELI]

I agree with this article that the bank gas a responsibility to ensure their security measures are up to to date with with current technological features.I also want to point out that it is up to the individual to keep important information secure so thAt they are not vulnerable.

 

[microunit]

banks can't really trace out all transactions ( though they can ) , but it would be against the privacies of their users, you scan't really eradicate scam , as people will always find a way around it

 

[Ofonime]

Note that SCAMMERS are also wise in the sense that they no longer swap huge funds at once into their local bank accounts. They normally swap gradually so that there will not be any form of suspicious.

There is always a security in banks and financial institution,you are the one that will tell them what to do,some bank have monitoring device to monitor the activity of their customer,every customer details is in bank database so scam in the banking firm are not easy to established

 

[microunit]

There is nothing banks could do to eradicate scam. Scams have been in existence long before we could even imagine and will continue to be in all sectors, not only banks. It's part of the banes of technology. It can only be reduced to the possible minimal level, not completely stopped.

true, banks could only mitigate it to an extent, they never could eradicate scam. As scamming can just stem from lack of information or misleading informations that people feed unto other targeted people

 

[Wisdom01]

Yeah some banks are doing so and can regulate or checkmate frauds and scams only that there are now different payment method and online banks in form of sites

 

[Niftyicon]

Yeah some banks are doing so and can regulate or checkmate frauds and scams only that there are now different payment method and online banks in form of sites

Even with all the different payment methods we have now, I know that all transactions can still be traced by the bank be it online or offline.

 

[Wisdom01]

Even with all the different payment methods we have now, I know that all transactions can still be traced by the bank be it online or offline.

The account number and bvn number is already enough for them to checkmate the legality of the transaction of the holder

 

[Damilola12]

Banks can't be able to eradicate scammers even if they are to be traced with their account,how many people do they want to traced due to a lot of customer using their bank.

 

[Wisdom01]

Banks can't be able to eradicate scammers even if they are to be traced with their account,how many people do they want to traced due to a lot of customer using their bank.

The number of customers doesn't stop them from tracing the scammer , the account details is already enough then they will get more details like house adress and others

 

[Damilola12]

The number of customers doesn't stop them from tracing the scammer , the account details is already enough then they will get more details like house adress and others

Though their account details is enough like you said but you don't expect those scammers to put in the correct details. Moreover banks can't eradicate them because they will have to protect their customer privacy. Remember that scammers are also their customer one just need to be careful.

 

[Wisdom01]

Though their account details is enough like you said but you don't expect those scammers to put in the correct details. Moreover banks can't eradicate them because they will have to protect their customer privacy. Remember that scammers are also their customer one just need to be careful.

You can't just put incorrect details and get a bank account there will be some form of maximum verification ,since those banks are professional s and knows if the details aren't correct or not

 

[Delaw2020]

You are very right. Banks should be able to track scammers since they have their phone numbers and addresses. This is just up to a point. Remember that some scammers are so advanced in their dealings, surpassing banks verification and checks. We only need to play our part, be extra vigilant and be more security conscious.

 

[Wisdom01]

You are very right. Banks should be able to track scammers since they have their phone numbers and addresses. This is just up to a point. Remember that some scammers are so advanced in their dealings, surpassing banks verification and checks. We only need to play our part, be extra vigilant and be more security conscious.

Yeah some scammers and hackers do make it hard for banks to track scammers ,so its up to the banks to create a very strong security system that's it

 

[yourenglishcafe]

You can't just put incorrect details and get a bank account there will be some form of maximum verification ,since those banks are professional s and knows if the details aren't correct or not

That depends on what kind of bank and which country.

Online "banks" are often fooled by fake documents, and even larger banks probably would be. There is no question that there are many bank accounts started with fake details.

 

[Wisdom01]

That depends on what kind of bank and which country.

Online "banks" are often fooled by fake documents, and even larger banks probably would be. There is no question that there are many bank accounts started with fake details.

Not all online banks only some , because a legit online bank will need those details for security and transparency to be present in their doings

 

[Balint098]

Not all online banks only some , because a legit online bank will need those details for security and transparency to be present in their doings

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.