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Explained in plain English

Why is it 'Friday afternoon'?

The name 'Friday afternoon fraud' highlights a common tactic used by scammers. By tricking victims into transferring money late on a Friday, criminals exploit the delay in banks processing transactions and the reduced availability of staff over the weekend. This gives them more time to move the stolen funds before the fraud is detected, making recovery much more difficult.

Stories that explain this

Homebuyers warned about rising "Friday afternoon fraud" bank scams