Title: “Beware of Financial Scammers: Bhutanese Expats Losing Millions in Cons”

Overview

• Bhutanese citizens abroad are prime targets for financial scammers.
• Over Nu 10 M lost in past 14 months due to confirmed financial scams.
• Royal Bhutan Police report 13 cases in the first two and a half months of 2024.

Tactics Used by Scammers

• False claims of lottery wins.
• Exaggerated investment opportunities.
• Marketing of cryptocurrencies like Bitcoin.

Real-Life Victims

Student’s Story

• Victim was tricked into believing VISA officials asked for details.
• Over Nu 100,000 lost despite reporting the incident to the DLO.

Preventive Measures

Department of Law and Order (DLO)

• Urgently notified public not to share OTPs.

Royal Monetary Authority (RMA)

• Advised people to not lend, share, or rent bank accounts.

Banks

• Sending SMS messages warning customers against sharing OTPs.

Consequences for Victims

• Victims could face prosecution for illegal activities.

Importance of Vigilance

• Even with collaborative efforts, individuals must remain cautious.
• Report any suspicious phone calls or online interactions immediately.