Reality is the working paradox that defies control

Ultrascan AGI & HUMINT

Is it that we see a different, more frightening world than you do?

Our enemies are no longer nations and do not exist on a map but are non-state actors and unknown individuals. Look around you, who do you fear? Can you see a face, a uniform, a flag? No.

Yet, before breakfast in their pajamas, they can do more damage from their laptops than an intelligence agent can during a year in the field. Online organized crime doesn't know law and order, has a Wild West mentality, and is lawless to the core. Anarchy.

While transparency became fashionable in the West, the world is not more transparent now. Today it's more opaque, in the shadows, and that's where we do battle. So, before you declare that irrelevant, ask yourselves, how safe do you feel?

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Ultrascan is an association of 51 partners managing 3284 experts in 69 countries. Ultrascan has been established in 1996.

The scope of our work is Anti Money Laundering - Transnational Organized Crime (TOC) and the Nexus Terrorism - disrupting Transnational Criminal Networks. This scope generates HUMINT and access to primary sources in and outside the chain of command.

Our vision is that to enable new security policy as well as geo-policy, one first has to align with the current one to compile an intelligence analysis.

Unlimited access to information and people gave us a good sense for seemingly insignificant or isolated events and the " Butterfly Effect "

In the past 18 years, Ultrascan has set up a human intelligence network, coordinating the international cooperation of 3284 experts in over 69 countries. These experts, provide the basis for Professional Investigative Services. Assist you with Corporate Investigations or be your source for effective security risk management and Policy to mitigate crime trends or imminent incidents.

Even though Researching Organized Crime and Terrorism through undercover investigations brings certain personal security risks, as operational security is maintained it is most gratifying to reveal illegal financial crime trends, tracing cross border assets, map networks of anonymous suspects in hostile environments, and enable international security operations to counter terror funding or fraud.

Ultrascan has extensive experience with identifying, locating, mapping, monitoring, analyzing, and predicting perpetrators of cross border fraud, money laundering, and the planning, funding, communications, and support of terrorism for local or international religious extremists as a fast-growing component of ideological struggle, as well as geopolitical.

Implementing strategic security audits to detect when fraud and money laundering is shifting from a criminal-inspired activity into an ideology-driven terror funding mechanism, is particularly useful for counter-terrorism financing, anti-money laundering, sanctions, and compliance security measures.

"We have the tools and resources. Managed appropriately we effectively monitor with impact assessments in place"

Bank to Bank Treasury ID Theft

Impersonating authorized bank officers of treasury departments, to send payment orders to (National Reserve) correspondent banks, is a specialist wire fraud problem


Case:

Between October 2010 and December 2012 Ultrascan-KPO investigated fraudulent payment orders to treasury departments of 26 correspondent banks on 4 continents, of which 21 National Reserve banks.

Amounts varied between $98,000.00 and $530,000.00 in local currency.

Banks confirmed,  that the calls/fax/mails are coming directly into the appropriate officer and are NOT going through the switchboard. This creates  several problems, messages not being recorded, etc.

All contact information is only available to treasury staff, that is on their computer.

Ultrascan Techint and Humint investigations revealed:

The IT service department, Laptops, PC's, personal and business eco systems, Treasurers signatures, current contact lists and signatures of bank division managers are compromised.

The fraudsters researched and confirmed information through HUMINT in conversations with correspondent Banks. Learning the issues and changing their attacks based on what they got on the phone.

Fraudsters impersonated authorized officers from "the Nostro department", called the correspondent bank treasury, explaining that they were experiencing  SWIFT issues at this time.

Minutes later, the fraudster send a fax and/or email attachment - As a result of a swift outage we are experiencing, kindly accept and execute this MT202 payment order for today's value date - on official letterhead, with validated names and signatures.

The technical support for phone/fax numbers, email and IP addresses was covered by anonymity proxy services and paid for by a Nigerian citizen in Lagos.

Money-laundering was coordinated via a global network of (419) Advance Fee Fraud scammers who, either direct or via money mules, operated bank accounts under befitting names in South Africa, Japan, China, Canada and several European countries.

Over 60 beneficiary bank accounts were operated bymoney mules or independent  business associates of the ultimate beneficiaries.

The 3 ultimate beneficiaries originated from Nigeria, West Africa. One of them specialised in ID theft and 'bank to bank wire fraud' since 2003.

For a large part a confidence fraud making use of the culture of confidentiality within Reserve Banks and  bank treasury departments and a high level of trust between correspondent banks.

For several reasons the perfect crime with a veryLow Probability of Detection and an even lower probability of 'public prosecution'.

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We recommended both internal and external solutions that led to prevention, mitigation and disruption of the fraud organisation.

First published by Ultrascan-KPO

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Central Banks robbed in 2016:

- Malware suspected in Bangladesh bank heist: officials

- Bangladesh Central Bank Found $100 Million Missing After a Weekend Break

Also read:
- Case: Anti Corporate ID Theft
- Corporate business ID email scam costs companies billions

- Are 0.5 % of All Nigerians Fraudster!?
- 419 Advance Fee Fraud Statistics 2005 / 2013
- Smart people 'are easier to scam'

- More Phishing, Internet banking, Credit Card and Check Fraud
- Cybercrime Funding Terrorism

Ultrascan Humint

Ultrascan Human Intelligence Services

Scope of our work

Anti Money Laundering - Follow the Money - Transnational Organized Crime Nexus Terrorism - HUMINT access to primary sources in and outside every chain of command.

Contact

What Our Clients Say - Customer feedback on our work