Password must be 8-15 alphanumeric characters with these requirements
- Minimum one number (0-9)
- Minimum lowercase letter (a-z)
- Minimum one uppercase letter (A-Z)
- Minimum one special character "#?!@$%^&*-+<=>"
- Example password 99azTR?!@
Browsing on the internet one comes across the information about financial institutions that claim to be banks, correspondent banks or payment entities but once the bank account is opened and the client deposits money in cash or by wire transfer, the money and the entity disappear. If this is your case you have just been a victim of a shell bank fraud. What is a shell bank? Shell bank is a bank that is incorporated in a country, in which it has no physical presence, it is not regulated by its central bank and may not belong to any regulated financial group.
To prevent a fraud of a shell bank in an offshore or onshore jurisdiction, customers must follow these steps:
Following this security protocol, you can quickly differentiate whether the financial institution is a shell bank, a correspondent bank or a regulated payment entity.