Warning to the public regarding financial frauds at the CB

While the scammers may also show documentation that large sums of money had been credited to various accounts, they would claim they only need to get the approval of the Central Bank to withdraw such monies.

 

The Central Bank cautioned that in some of these instances, the fraudsters request account details from the customers, including details of credit/debit cards such as personal identification numbers (PINs), card verification value (CVV), one-time passwords (OTP) and user ID passwords and OTPs of mobile/internet banking, in order to proceed with the transactions.

 

To not fall victim to such scams, the Central Bank requested the public to obtain real-time notification services such as SMS alerts, from their banks, so that they would become instantly aware of any fraudulent activity that takes place using their accounts.