Bank Mandate Fraud


Business or public, we are all at risk of bank mandate fraud.

Bank Mandate fraud occurs when an unauthorised request is made to change the details of a bank transfer mandate. Fraudsters may access your bank account and change the details or claim they are a genuine business supplier to your organisation.

Fraudsters will look to identify suppliers of services that you or your organisation use ona regular basis. This can be obtained from details of contracts awarded or other information which is published on websites in line with transparency.

If the payment is made as requested, the fraud is complete.

This guide aims to provide an awareness of bank mandate fraud, reinforcing this through real life case studies and practical advice on fraud prevention.

Attached Documents to View/Download

bank-mandate-fraud-July-2018 FINAL[1777].pdf

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