UK creates new body to monitor remittance scams

Posted at 03/26/2010 5:32 PM | Updated as of 03/27/2010 2:27 PM

LONDON – The days are numbered for all remittance companies allegedly involved in illegal activities.

This after the United Kingdom Home Office created recently a new regulating body tasked to monitor all activities of remittance companies particularly in London.

The Financial Service Administration or FSA was created following rampant reports of remittance scams that victimize many Filipinos.

Under its wing is the Trading Standards Office, which provides a hotline for alleged victims who want to recover their money.

Overseas Filipino worker Fe Infante Henry told ABS-CBN Europe News Bureau how FSA was able to help her in recovering her almost 700 pounds or almost P50,000.

The Philippine embassy in London is giving out information on how OFWs can avail the services of FSA and what their regulated functions are.

The creation of FSA came after mounting complaints against AJ Global Services, which was operated by then husband and wife, Adan and Lalaine Ubando.

An arrest warrant has been issued by the National Bureau of Investigation (NBI) against the couple for syndicated estafa amounting to almost P20-million.

Reports indicate both Lalaine and Adan are still in London, but are barred from engaging in any form of business or product marketing for at least 6 to 9 years.


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1 comment

Shame on you

A couple is victimizing Filipino OFW on their hard earning money. Shame on you! Legitimate companies are in hot water because of you. Not only that all Filipinos in UK will be affected because of your bad reputation. Your family in the Philippines is not happy at all. Is this the legacy you want left behind to your children? “Crime does not pay”. This kind of thing runs in the blood. You are nothing but a shit!

Casa-negra de oro


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