Tackling fraudulent transactions
30th August 2006, 11:06 am
Scams involving large donation cheques, where a return of part of the money is requested by the donor, have been highlighted by the Charity Commission. The original cheque bounces. Although not a new trick, it seems to be resurfacing. Commission press release at http://www.gnn.gov.uk/environment/detail.asp?ReleaseID=221412&NewsAreaID=2.
A member organisation of Northern Ireland umbrella NICVA warns of another problem, with its bank having received a written request to transfer a substantial amount of money to an account in Singapore. Fortunately the bank was suspicious of the instructions. It can help if organisations which need to give bank details out to collect public donations etc. keep a separate account for such income, with transfers under tight control.