Fraud & Verification check0 / 1 answered · 0 correct
Check 1
Does correct use of “MT760” and “ISP98” prove the entire transaction is genuine?
Real Banking Words, Fake Transaction
Learn why correct terminology can still be used inside a false story.
The trick
Fraudsters often use real words such as SWIFT, MT760, UCP600, ISP98, RMA, blocked funds, collateral and monetisation to make a proposal sound institutional.
Separate facts
Verify the bank, officer, instrument, transaction purpose, account/funds claim and financing agreement independently. One true element does not prove the rest.
Authentic instrument ≠ authentic transaction
Even a genuine instrument can be used in a separate misleading proposal about what a financier will do with it.
MyGreed risk labels
MyGreed uses Normal, Needs clarification, High-risk feature and Known fraud pattern. It does not promise to declare a transaction “100% safe.”
Source / standards noteA warning sign is not proof of fraud. Verify independently and obtain professional advice before acting on a material transaction.
Remember thisCorrect banking vocabulary is not due diligence.
Finished this lesson?
Mark it complete. Your progress stays on this device.