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Scammers make sure the Force is with them

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Shady financial types are becoming decidedly more innovative.

The Financial Action Task Force (FATF), which guards against global money-laundering, recently found this out.

FATF is best known for blacklisting countries who fail to comply with accepted standards - otherwise known as being shameless conduits for fraud, tax evasion and shonky companies.

But in the process of clamping down on dirty cash, FATF has itself unwittingly played into the hands of fraudsters.

Scammers are using the FATF name to fleece people trying to make international transfers of cash.

According to the anti-money laundering group, scam artists are asking for fees for 'fictitious services relating to verification of the origin of the funds'.

If the customer refuses to pay the fees, the funds are blocked, FATF says. The organisation neither provides such services nor does it request fees or block accounts.

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