Business terms and jargon explained. Your business dictionary

What is Advanced fee fraud

Advanced fee fraud is a specific type of fraud. An AFF starts with an email to the victim, where the sender poses as an ex-government official a king, a corrupt businessman and so on. The email, traditionally in very bad English, explains that the sender has obtained large amounts of money but cannot move it out of their country.

The sender then offers the victim a share of the money if they help the sender to get it out of their country. To do this, the sender claims they need an up-front payment in order to set up a new account or bribe an official (this is the advanced fee). The victim sends the money but never hears from the sender again.

Also known as a 419.

Crown Copyright. Material taken from www.itsafe.gov.uk. Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Search Term   

Expert witness Chattels Freelance Boliviano
Asset stripper Leasehold Price Elasticity of Demand Quid pro quo
N122 Civil Court form Registered Design Deep pockets Residential property
Custody time limit Corporate Officers Effective Exchange Rate Taxation of costs
Deferment Trader Transposition - EU Health insurance Take ownership
Credit Institution Bill of indictment Underwrite Wanton
N434 Civil Court form Secured creditor N92 Civil Court form Ratio decidendi
DLL Easement Taka Installment
Testate Apportionment Tenge N336 Civil Court form
Fill or kill Capital Gains Mesne Profits Customs Duty

Term created / updated 2007-01-26 12:04:58

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2018 Scopulus Limited. All rights reserved.