ICC SCAM AND BOOK

BY MONICA DOBIE
INVESTORS are being warned by the International Chamber of Commerce's Commercial Crime Bureau (CCB) to stay clear of documents promoting deals using the good name of the ICC. Fraudsters are mentioning a fake standard called the "Modified Insurance Guarantee ICC 4081" in fraudulent documents relating to bank guarantees and letters of credit to add credibility to fictitious high yield investment schemes. ICC 4081 documents have appeared in Australia, Western Europe and the US.

*The ICC Commercial Crime Services department has published ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.