Regulation & Government

Law Society issues fraud warning as home buyers targeted

Criminals are ‘actively targeting’ property purchases with the aim of tricking people into transferring over their house deposit and/or the balance of purchase monies to them

Home buyers are being warned about a spike in scams which have seen victims reportedly defrauded out of hundreds of thousands of pounds.

The Law Society of England and Wales have joined forces with the National Economic Crime Centre (NECC), which is housed within the National Crime Agency, and Action Fraud, to issue flyers warning of the risk of payment diversion fraud.

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