As the war in Ukraine captures the international community’s attention, opportunistic criminals are seizing the chance to take advantage of the crisis. In addition to navigating wide-ranging new sanctions against Russia, financial institutions (“FIs”) should familiarise themselves with the types of crimes that fraudsters are likely to commit. FINTRAIL has compiled the following typologies and red flags to assist with preparing and identifying fraudulent activity in light of the Russia-Ukraine crisis.
Advisory Notice: Russia-Ukraine Crisis Fundraising Scams