Financial Crime World

BELIZE FINANCIAL INSTITUTION FRAUD ALERT: BEWARE OF PHISHING SCHEMES AND PROTECT YOURSELF FROM EMAIL SCAMS

The Financial Services Commission (FSC) has issued a warning to Belizean consumers about ongoing phishing schemes targeting individuals under the false authority of the Commission. Scammers are impersonating FSC officials, contacting people and demanding payment fees and personal information in exchange for funds.

Warning Signs: The Email is Not from FSC

Before you click or respond to an email, be aware of these warning signs:

  • The email asks you to make a payment over the phone, pay fees different from those listed on the FSC website, or provide credit card or bank details directly by email or phone.
  • The email contains terms such as “Bitcoins,” “investigation of your request,” and “attachment or claim XXXXX.”
  • If an email contains these phrases, it is likely a phishing attempt and not from the FSC.

Protect Yourself from Email Scams

To avoid falling victim to email scams:

  • Keep your anti-virus software up to date and run weekly scans.
  • Be wary of emails that don’t address you by name or contain unknown attachments.
  • Remove email access from people who no longer need it.
  • Use a spam filter on your email account and avoid clicking suspicious links.
  • Secure your wireless network and exercise caution when using public networks.

Verify the Authenticity of an Email

Before taking any action, contact the FSC FIRST via email to verify the authenticity of an email or letter. You can also conduct license verification online by visiting the FSC’s website.

Reporting Phishing Attempts

If you suspect a phishing attempt, report it to the FSC using their suspected scam form. The FSC is committed to protecting Belizean consumers and will take action against fraudulent activities. Stay informed and stay safe by staying vigilant and reporting any suspicious activity.

For more information on protecting yourself from scams, visit the Federal Trade Commission Consumer Information website. By being aware of these schemes and taking necessary precautions, you can protect your personal and financial information from falling into the wrong hands.