THAT,  SAY  THE  HOME  OFFICE,  IS  THE  TRUE COST OF IDENTITY FRAUD PER YEAR IN THE UK. As  we  enter  NATIONAL  IDENTITY  FRAUD PREVENTION  WEEK,  it  seems  the  only people  benefitting  from  the  GLOBAL 

CREDIT  CRUNCH  are  the  criminals  out  to commit  ID  fraud. According  to a  recent BBC  article,  the  credit  crunch  has brought with  it  an  increase  in  identity theft:  ID  fraud cases  soared 10%  in  the first three months of 2008 compared to the same period last year.   

But  victims  of  this  CRIME  WAVE  are  not just individuals but BUSINESSES that stand to lose their HARD EARNED REPUTATION and the  CONFIDENCE  OF  THEIR  CUSTOMERS:  THE TWO THINGS YOUR BUSINESS CANNOT AFFORD 

TO  LOSE.  BASIC  COMMON  SENSE  and  DUE DILIGENCE  are  the  key  in  cutting  the chances of your business becoming yet another crime statistic.  

The  Financial  Services  Authority  says that  MEDIUM‐SIZED  AND  SMALL  FIRMS  are the worst offenders at underestimating the RISK OF DATA LOSS AND FRAUD to their businesses.  

ID  FRAUD  CAN  DEVASTATE  YOUR 

BUSINESS  AND  RUIN  YOUR  LIFE. Fraudsters  can  STEAL  YOUR  COMPANY 

ASSETS and PINCH  EVERY PENNY  from your bank accounts; the DODGY DEALERS could even  STEAL  YOUR  COMPANY  IDENTITY  and trade  on  your  good  company  credit history,  ordering  goods  and  services; leaving YOU RESPONSIBLE  for  footing  the bill.   

You  might  even  find  yourself inadvertently  selling  goods  to  crooks who have stolen a legitimate company’s identity  for which,  of  course,  YOU  WILL 

NEVER RECEIVE PAYMENT.   

  ALL  the  CALLOUS  CROOKS  have  to  do  to pull  off  a  crime  like  this  is  complete  a few  forms  enabling  them  to  ALTER  THE BUSINESS’ REGISTERED ADDRESS, change the DIRECTORS HOME ADDRESS  details or  even 

 

  appoint  NEW  DIRECTORS  of  your company. Companies House will not inform  you  that  these  forms  have been  filed.  Neither will  they  check any of the details for validity. 

 

IN SUPPORT OF NATIONAL IDENTITY FRAUD PREVENTION WEEK, DDE offers you two subscription based services to assist you in protecting your company 

against the very realistic threat of Company Identity Fraud.  

SPECIAL OFFER: RECEIVE 10% DISCOUNT!!

 

Subscribe before the end of October 2008 to both our monitoring services and you will receive a 10% Discount on the total cost of the subscription. 

Simply quote reference FPW001 to receive your discount.  

COMPANY MONITORING For an annual subscription of £80 (plus VAT) we will monitor your company.* 

 COMPANY NAME MONITORING 

For £160 (plus VAT) we will monitor your COMPANY NAME for you.*   

So for a mere £240 (plus VAT) a year you can be confident your company identity is safe. 

 

CALL US  TODAY  ON  0844 561 6852 

*See overleaf for further details of our services and examples of how Identity Fraud can ruin businesses and devastate lives.

CALL US TODAY ON 0844 561 6852

IDENTITY FRAUD EPIDEMIC

THE FINAL CRUNCH: £1.7 BILLION ID FRAUD BILL

This article is brought to you by:

YOU AND YOUR BUSINESS ARE LEFT SKINT, WHILST THE CROOKS MAKE A MINT

Call us today on 0844 561 6852

  Postal Address:              PO Box 767, Northampton, NN7 4LR 

       

Telephone:                      0844 561 6852   Fax:                                   0844 561 6853Email:                               info@theduediligenceexchange.com

The case studies below show the true extent of the damage which can be caused by crooks who set out to ruin you and your business.

CASE STUDY 1 Earlier last year directors of a company, which has a £3,500,000 turnover, found that a FAKE SET OF ACCOUNTS had been filed for their company showing a £3,800,000 LOSS alongside a note stating a receiver would soon be appointed. IT TOOK THE COMPANY DIRECTORS WEEKS TO GO THROUGHTHE COURTS TO REMOVE THE FALSE ACCOUNTS.

This disturbing news follows worries over the fraudulent use of Director’s identities to set up bogus companies, and the serious lack of protection to auditors details. It was recently reported that one auditor a month has details stolen to help setup fake businesses.

CASE STUDY 2 A well known Solicitor’s Firm changed to a Limited Liability Partnership (LLP). Like normal ‘Ltd’ companies ‘LLPs’ need to REGISTER WITH COMPANIES HOUSE and their IDENTITIES are then publicly available to POTENTIAL FRAUDSTERS. An employee working within the Firm’s property department and with access to incoming mail SET UP A FAKE LLP COMPANY and registered it with Companies House. Using the name of the Solicitor’s Firm and by adding UK to the name HE PULLED OFF A MASSIVE £1.9 MILLION MORTGAGE FRAUD in just over 12 months. When the fraud was discovered he DID A RUNNER. He has not been found nor have any of the proceeds of the scam been recovered. The DAMAGE TO THE SOLICITOR FIRM’S REPUTATION WAS IRREPARABLE.

FURTHER DETAILS OF OUR IDENTITY FRAUD MONITORING SERVICES ARE BELOW:

COMPANY MONITORING

For an annual subscription of £80 (plus VAT) we will monitor your COMPANY for you. You will be informed whenever forms to change the registered office, the directors or registered mortgages are filed with Companies House. We will also notify you when accounts, annual returns, or changes to the share capital are lodged. Upon any of these documents being filed you will receive an URGENT EMAIL with an electronic copy of the document attached. This allows you to see the document yourself and to check whether this was a genuine change of information or not. Companies House has no obligation by law to verify documents filed are genuine, the responsibility lies with the DIRECTOR OF THE COMPANY.

COMPANY NAME MONITORING

For £160 (plus VAT) we will monitor your COMPANY NAME for you. This service monitors all companies that are set up under a given name; by simply making a subtle adjustment to your existing name a company can LEGALLY OPERATE without you realising.

Fraudsters can steal your company name by making a subtle change, like the addition of ‘UK’. We now offer this detection service. Every month we will search out and report to you every variation of your name so that you can protect yourself.

CALL  US  TODAY  ON  0844  561 6852. 

DDE – PROTECTING YOU AND YOUR BUSINESS. 

WHO ARE WE?  

   

        

  

 

  

  

  

 

 

 

DDE  (The Due Diligence Exchange) was established  in2005 to satisfy client demand for in depth due diligencechecks  and  visits, WHICH  ENSURE  OUR  CLIENT’S  CUSTOMERS

AND SUPPLIERS ARE NOT BOGUS BUSINESSES. We have a teamof  experts, with  our  Senior  Technical  Director  havingover 30 years of experience  in this area. We have alsoobtained  advice  from  leading  Counsel.  There  werethree main  factors  leading  to  the development of TheDue  Diligence  Exchange,  and  these  are  to  fulfil  thedemands of companies looking for help in the following3  areas;  BUSINESS  IDENTITY  FRAUD,  MONEY  LAUNDERINGREGULATION COMPLIANCE, AND MTIC FRAUD.  

We  provide  a  comprehensive  and  unrivalled  range  ofbusiness services, for clients looking for help with: 

‐ Complying with MONEY LAUNDERING REGULATIONS ‐ HIGH VALUE DEALER registration and compliance‐ Carrying out DUE DILIGENCE CHECKS AND VISITS‐ Combating CORPORATE IDENTITY FRAUD‐ Verifying the IDENTITY OF INDIVIDUALS

OUR COST EFFECTIVE AND WIDE RANGE OF SERVICES, HELP ENSUREBUSINESSES  LIKE YOU CAN COMPLY WITH REGIMES ENFORCED BY

HM REVENUE AND CUSTOMS. 

Call us today on 0844 561 6852