Car sales fraud

I only saw this yesterday but already there are rumours that it's caught a few traders out.

Interestingly, these loans are supposed to be guaranteed by the government which is why the banks are giving them out without much of a check, or "due diligence" as the guy in the video says. Who will be liable when it all comes out in the open and bites someone in the bum? I bet the banks will (typically) deny all responsibility.

Do you not accept Bacs payments rocket ?

The majority of my incoming and outgoing invoices are paid by Bacs. I find it the cheapest and easiest way and if somebody wanted to pay me for a vehicle i wouldn't be against accepting a Bacs transfer for it.
What this instance has shown is you must check where the money has come from which is quite difficult for us to do without asking the bank to assist.

I didn't know they still made rubber cheque books