Donations that really are too good to be true: the latest donation scam

The Serious Organised Crime Agency has recently uncovered a series of scams, which see charities and other not-for-profit organisations unwittingly used as conduits for money laundering activities.

The fraudsters operate by offering charities large donations on the condition that a proportion of the donation is then sent by that charity to a separate charity in a different country. The ‘other charity’ or second body is actually the fraudster’s own personal bank account. The Charity Commission has warned that the sum donated is paid using a fraudulently obtained credit card. When it becomes apparent the card has been compromised, the sum is claimed back from the charity…

If you are registered and logged in to the site, click on the link below to read the rest of the Mills & Reeve briefing. If not, please register or sign in with your details below.