COVID-19: INTERPOL warns of financial fraud

INTERPOL warns that fake shops, websites, social media accounts and email addresses claiming to sell medical supplies have sprung up online.  But instead of receiving the promised masks and supplies, unsuspecting victims have seen their money disappear into the hands of the criminals involved.  This is one of several types of financial fraud schemes which have been reported to INTERPOL by authorities in its member countries.

Other COVID-19 fraud schemes include

  • Telephone fraud – criminals call victims pretending to be clinic or hospital officials, who claim that a relative of the victim has fallen sick with the virus and request payments for medical treatment;
  • Phishing – emails claiming to be from national or global health authorities, with the aim of tricking victims to provide personal credentials or payment details, or to open an attachment containing malware.

In many cases, the fraudsters impersonate legitimate companies, using similar names, websites and email addresses in their attempt to trick unsuspecting members of the public, even reaching out proactively via emails and messages on social media platforms.

“Criminals are exploiting the fear and uncertainty created by COVID-19 to prey on innocent citizens who are only looking to protect their health and that of their loved ones,” said INTERPOL Secretary General Jürgen Stock.

“Anyone who is thinking of buying medical supplies online should take a moment and verify that you are in fact dealing with a legitimate, reputable company, otherwise your money could be lost to unscrupulous criminals,” concluded the INTERPOL Chief.

Blocking and recovering fraudulent payments

Monetary loses reported to INTERPOL have been as high as hundreds of thousands of dollars in a single case, and these crimes are crossing international borders.  INTERPOL’s Financial Crimes Unit is receiving information from member countries on a near-daily basis regarding fraud cases and requests to assist with stopping fraudulent payments. 

Targeted victims have primarily been located in Asia, but the criminals have used bank accounts located in other regions such as Europe, to appear as legitimate accounts linked to the company which is being impersonated.

In one case, a victim in Asia made payments to several bank accounts unknowingly controlled by criminals in multiple European countries.  With INTERPOL’s assistance, national authorities were able to block some of the payments, but others were quickly transferred by the criminals to second and even third bank accounts before they could be traced and blocked.

To date, INTERPOL has assisted with some 30 COVID-19 related fraud scam cases with links to Asia and Europe, leading to the blocking of 18 bank accounts and freezing of more than USD 730,000 in suspected fraudulent transactions.

INTERPOL has also issued a Purple Notice alerting police in all its 194 member countries to this new type of fraud.

Like this article?

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

Donate to Maritime Fairtrade

Your support helps sustain our extraordinary level of research and publication, enabling millions of readers to learn more about the maritime industry and make informed decisions. Thank you for your support.

visa mastercard maestro American Express apple pay stripe payment acceptance
visa mastercard maestro American Express apple pay stripe payment acceptance
This is a secure webpage.
We do not store your credit card information.

Related STORIES