OREANDA-NEWS. October 14, 2011. Thanks to the professionalism of Uniastrum staff, the fraud was detected during an examination of the submitted application papers, and the documentary evidence forwarded to law enforcement agencies, reported the press-centre of Uniastrum.

In May 2011, a Moscow resident (name withheld) applied for a Rb 250,000 loan at Uniastrum’s Zemlyanoi Val neighborhood banking center. When they came to exam the application documents, Bank staff realized that the would-be borrower had submitted fake income tax statements and a bogus employment record book containing false information regarding his place of work and earnings.

The Bank employees passed details of the attempted fraud to law enforcement agencies, who judged them sufficient ground to instigate criminal proceedings. A preliminary investigation established that the fraudster had deliberately intended to steal Bank funds. At the trial that followed, the accused pleaded guilty and was sentenced by Dorogomilov District Court to a 3-year prison term.

Credit fraud using counterfeit documents is one of the most common forms of crime committed in the banking sector. Uniastrum Bank takes a systematic approach to fraud risk management, including a range of measures specially designed to combat fraudulent operations. Uniastrum Bank will continue to prosecute any case of fraud committed against it and to cooperate fully with law enforcement agencies.