Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Financial Crime, Financial Services, Fraud, News

NEWS: Investment scams skyrocket, BOI data shows

By Alisha Houlihan for AMLi

There has been a dramatic increase in investment scams in the past six months with customers being cheated out of significant amounts of money, according to Bank of Ireland.

Data from the lender shows there was a 164% increase in investment scams over a six-month period, with losses ranging from €2K to €800K, The Irish Times reports.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!