News 24 "Banks" illustrate the types of financial fraud and how to avoid becoming a victim?

The Committee on Knowledge of Saudi Banks and Banks stated that financial fraud is one of the most important challenges for individuals, businesses and financial institutions.

In its outreach letters, the Committee explained that financial fraud applied to any practice involving the use of deception for direct or indirect access to some form of financial benefit to the person. 39; author.

It noted that fraud should not be limited to monetary and material benefits, but encompassed certain other benefits, such as the right to access information or to obtain information that may be acquired by fraud or dishonest behavior, whether the loss is material or related to something intangible, Literature.

She pointed out that the types of financial fraud at the corporate level are embezzlement of funds and valuables, falsification of documents or debit or credit cards, forgery of signatures and deeds. stamps, falsification of banknotes, modification of component elements of check or introduction of instructions and inaccurate data via the computer Automated, transfer money to imaginary customers and accept bribes or commissions.

She explained that the types of financial fraud at the level of individuals corresponds to the identity theft of a bank employee and asked to update bank statements and personal information by phone, debt payment advertisements and grants for project financing by non-regular entities, as well as suspicious websites, as well as claimed text and electronic messages. Win prizes in kind or cash, steal banking information, delusional job offers and cheap luxury car offers.

She pointed out that Saudi banks were striving to fight financial fraud by providing means and methods of preventing cases of financial fraud, stressing that the establishment of specialized administrative units in the fight against financial fraud.

The committee sent the beneficiaries several tips to avoid financial fraud, including the lack of convenience in the retention of personal information and bank statements, the use of secret numbers of random bank cards, non-sequential or duplicate, guaranteeing the reliability and credibility of e-commerce sites, Ignore anonymous text and e-mail messages, and ignore ads on debt repayment and project financing.