Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

Firms warned to be vigilant of scammers

Recycling firms have been warned to be more vigilant when trading with new contacts, after some companies lost money through bogus purchasing agreements.

Members of the Bureau for International Recycling (BIR) have reported that after paying a deposit for material from a seemingly respectable firm, they received consignments of lower quality than shown in photographs.

Companies have also lost out on deposits made against what appeared to be bona fide documents when the material received was also of no value.

BIR reported that several members have recently been cloned on trading websites, attracting customers in order to scam others out of deposits when no material is ultimately sent. In these cases, the fake company often uses the real operator’s officially registered address and their AQSIQ licence number, which is necessary when shipping material to China.

MRW reported in February that Metal and Waste Recycling had been a victim of cloning whereby customers, who thought they were trading with the genuine firm, were swindled. (See story)

The BIR’s International Trade Council recommends that companies trade only with well-known suppliers and customers, contact companies directly if they are advertising bargain offers and remain cautious of trading with new businesses.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.