Internet fraud

Dear Sir/Madam,

The term "internet fraud" generally refers to any type of fraud scheme that uses one or more online services to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme. Internet fraud can take in different ways, such as through e-mail, chat rooms, message boards and websites.

Many of financial institutions and clients all over the world are suffering from similar kind of fraud cases with different scenarios like re-shippers, money transfer frauds, phishing attacks. It is technically hard to obtain, reach and take legal action on the fraudsters due to their residence countries which are not sufficiently addressing or combating internet fraud. 

As it happened in your case, our bank’s name and reputation are misused for manipulating people who put goods on internet markets for sales, which is a type of internet fraud. Sellers are asked to send the goods per post. Certainty of payment is fraudulently ensured by an e-mail confirmation of the money transfer. In this e-mail confirmation, the name and sometimes a photo of a staff member of the bank is used

Please be advised that CREDIT EUROPE BANK does not offer such a payment service. Neither the bank nor its staff members are in any way involved in these transaction confirmations. This kind of e-mails is a scam. CREDIT EUROPE BANK advises you the following precautions and actions in case of being a victim or witness of a similar fraudulent activity:

·         Be suspicious about any version of these e-mails, including reminder e-mails threatening with legal action if the goods are not sent. Be particularly alert if goods have to be sent to other countries, especially outside the European Union;

·         Read the security tips and explanations provided by the related websites (internet markets, e-commerce);

·         Inform these websites (internet markets, e-commerce) that the fraudulent buyer is misusing their website. They may investigate the fraud and ban the fraudster as user;

·         Inform related Police Department if you have become a victim of a fraud.

Kind Regards,