One wonders how they managed to lend Greece all those billions when everybody who goes there on holiday and sees the corrupt cash-based economy could have told them the loans will never be repaid.
My mum went into a care home (dementia).
I had to register a power of attorney will about 20 financial institutions etc.
They all wanted the original or a certified copy of the LPOA. I told them they can verify it themselves via the Court of Protection, but no, they want it from me. So if I was a conman I would just get a "solicitor" rubber stamp and stamp every page with it....
Some want a letter from a doctor certifying dementia. I can explain that an LPOA is an LPOA and they don't need such a letter, or they can contact the care home themselves, but no use explaining this to the script monkey on the phone. So, if I was a conman, I produce the letter myself. Easy.
This is right across the board. Stupid procedures which are totally obvious as to how they can be circumvented and which just make life difficult for the customer. And stupid people who run them, working under stupid managers who think them up, working under stupid chief execs who hide behind their "customer service" layer.
These stupid financial institutions are a heaven for fraudsters. You could so easily rip somebody off with a "registered" POA, because none of the outfits do an independent check. They just want to see a solicitor's stamp on every page, and all supporting documents come from YOU. What a load of stupid dumb wankers.