Business Terms and Jargon Explained

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

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   

Bespoke Retail Scheme Deficit ROI
Amnesty Operational risk 2FA
Enterprise Value Credit Scoring fringe benefits
Commodity Code Counterparty Algorithm
Administration Pay Back Period Exceptions Occurrences
Carbon Tax Natural resources Cestui que trust
Smurfing C.O.D Elephant Hunt
Publici juris Encode Drawings
Yuan Prosumer Ademption
Business cards Macro Virus Tax Form - P6
NDD Non constat Testacy
PLN Won Cost per Thousand
Appeal Financial equity Melt Value

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 jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2021 Scopulus Limited. All rights reserved.