Fraud is prohibited on UKStartups.co. Getting loans based on fraudulent application information is a crime in the UK, and even hundreds of countries worldwide.

If we discover that bad actors have abused our systems, we work quickly to take action. Loan fraud is a serious concern for UKStartups.co (UKSC). Loan fraud can encompass any suspicious, fraudulent and/or illegal activity committed against UKSC and related to UKSCs business. The most common types of suspicious activity and loan fraud schemes are: application fraud; supporting document fraud/forgery (including letters of credit, government-issued ids); and employee fraud.

UKSC investigates fraud as appropriate, and makes reports of suspected fraud to the authorities, as required, for further investigation and potential prosecution. These anti-fraud efforts are designed to safeguard UKSC's corporate assets, preserve the Company’s reputation, improve deterrence of fraud in the industry, and generally benefits our customers and the public.

Underwriting Fraud Occurs where a loan application or supporting documentation contains a material misrepresentation or omission of facts bearing on the nature or extent of the risk for which loan is being provided. It induces an underwriter to rely upon the misrepresentations and approve a loan or certain terms that otherwise would not have been issued had the true facts been known.

Internal Employee Fraud Occurs where any alleged misconduct or suspicious, fraudulent and / or illegal activity suspected of being committed against UKSC by an employee who either acts alone, or in concert with other third parties.

Any person who suspects that Fraud against SMFL is occurring, has occurred or will occur, should report the matter to UKSC via e-mail. UKSC takes every possible measure to keep all e-mails and calls confidential. UKSC appreciates your critical assistance in this fight against fraud.

 

Take note:

• UKSC have not and will never cold call anyone. Our customers come to us, we don’t go to them.

 

IP Address Blocking

IP addresses from which fraudulent activities have been perpetuated from are automatically blocked for life

 

Email Address Blocking

Email addressed used in perpetuating fraud on our platform are blocked for life

 

Social Media Blocking

We take proactive steps to ban fraudulent social media accounts from messaging us and/or having access to our social media accounts entirely.

 

Blacklisting

We reserve the right to block and remove any suspected fraudulent user of our services.

 

---

It is an offence to knowingly give false, inaccurate or misleading information when applying for a loan. If you give such information, you may face criminal prosecution and/or civil action for the recovery of any losses incurred by us.