Fraudulent Transactions in Dominican Republic: A Warning from the Central Bank
The Central Bank of the Dominican Republic has issued a chilling warning to the public, alerting them to a wave of fraudulent transactions orchestrated by false real estate brokers and attorneys who have been targeting foreigners, mainly Europeans.
The Modus Operandi
These scammers identify potential buyers through online platforms and then contact them to engage in supposed property purchase transactions. They require personal data and funds to be remitted through Dominican commercial banks or money transfer companies, citing the need for tax payments under Dominican law. Once the funds are sent, they claim that the person who received the money has disappeared, leaving customers to send more money to “conclude” the process.
The Warning Signs
To avoid falling victim to these scams, be cautious when dealing with transactions involving remittances or credit card use with individuals claiming to represent:
- The Central Bank
- Other government agencies
- Real estate brokers
- Attorneys
What You Can Do
To protect yourself from fraudulent activities, follow these steps:
- Verify the legitimacy of any transaction before sending funds or personal data
- Be wary of unsolicited offers or requests for personal information
- Research any company or individual claiming to represent the Central Bank or other government agencies
- Report any suspicious activity to the relevant authorities
The Central Bank’s Response
The Central Bank has informed relevant authorities, both local and international, about reported cases. In a statement released on its website (www.bancentral.gov.do), the institution is warning the public to be vigilant against these scams.
Remember
Never send funds or personal data without thorough verification of the transaction’s legitimacy. Stay safe and avoid falling victim to these fraudulent activities!