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Warning: fraudulent attempts to divert funds

13 Mar 2015 14:52 GMT

Shipping firms are warned about attempts to divert funds to fake bank accounts.



Having previously issued a warning about the fraudulent diversion of port expenses, the International Transport Intermediaries Club (ITIC) says it is now seeing evidence of similar frauds being perpetrated across the wider marine industry.

In a typical such fraud, the party due to make a payment will receive a bogus message altering the recipient's bank details. Examples have included the diversion of shipping agents' disbursement accounts. Ship managers are also among those who have been targeted.

The email addresses used by the fraudsters are only very slightly different to the genuine ones - perhaps a single letter being omitted. ITIC, noting that it is very difficult to spot these differences, says: "Any message changing account details should be regarded with suspicion, and steps taken to secure independent verification of instructions.

"By way of example, one shipbroker managed to frustrate an attempt to divert monthly hire payments by telephoning an owner's accounts department to verify whether or not a request to forward funds was genuine. It wasn't. The check should not involve replying to the suspect email, but rather using a different channel of communication or, at the very least, re-entering the email address copied from a message known to be genuine."






Related Links:

Fake bank account warning
Brokers urged to put it in writing
Shipping intermediaries warned of failure to incorporate terms and conditions
Fake agency bank account warning
The risk of innocent shipping intermediaries being sued

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