FFS leave us alone! Admit to your own mistakes!

[vetran]

I'd rather everyone who needed help could get it at the cost of some bad behaviour, than people had to spend weeks/months getting loans approved and folded their businesses/sacked employees.

seems they are reviving dormant companies & claiming among others. Yes lots has gone abroad but they should have prevented that. The Government should only act as guarantor for banks that can prove they did KYC right, cut them free and you have no probs with bounce back loans.

Self employed they just need to average the last X years and demand grants back where the claimer has made significantly more this year.

it was obvious fraud was coming.

[SueEllen]

The problem is with Child Benefit and Tax Credits they are going after everyone and sending bailiffs round. With the bounce back loans, which are a higher amount, they are not sorting out the fraud even though directors can be made liable.

[d000hg]

I'd rather everyone who needed help could get it at the cost of some bad behaviour, than people had to spend weeks/months getting loans approved and folded their businesses/sacked employees.

[mattster]

Loads of BB will be investigated, but a big problem is millions was funneled overseas.

The proper fraudulent stuff is long gone, no doubt an eye watering amount of easy money for some. HMRC will of course put a few borderline and legitimate cases through the wringer in a show of doing something, but they won't get much back from the real crooks.

[NotAllThere]

KYC. KY customer. Yep. It's the jelly.

Of course on the other hand are those people who know they're not entitled, don't register, and end up with missing NI years.

[vetran]

They use KY to check? They ought to go in dry silicone glove. Friction burns the lot. No KY for the banks.

and sand!

https://www.gov.uk/government/public...ssible-version

[d000hg]

Loads of BB will be investigated, but a big problem is millions was funneled overseas.

[northernladuk]

well the government should cut the banks loose if they failed kyc checks.

They use KY to check? They ought to go in dry silicone glove. Friction burns the lot. No KY for the banks.

[vetran]

Should have fraudulently claimed a bounce back loan as then they won't chase you.

well the government should cut the banks loose if they failed kyc checks.

and companies house should have vetted the companies.

it was a train crash waiting to happen.

[vetran]

I know a few people that were borderline and got investigations.

[SueEllen]

Should have fraudulently claimed a bounce back loan as then they won't chase you.

[GregRickshaw]

https://www.thetimes.co.uk/article/t...46ce1e127127d7

What next one wonders?