SAINT KITTS AND NEVIS SEES UPTICK IN FRAUDULENT TRANSACTIONS: RESIDENTS ADVISED TO TAKE PRECAUTIONS

The Financial Services Commission (FSC) of Saint Kitts and Nevis is warning residents to be vigilant in detecting and reporting fraudulent transactions, following a recent surge in suspicious activity.

What You Need to Know

• The FSC has observed an increase in fraudulent transactions in the country.
• Residents are advised to report any unusual or unrecognizable card transactions, suspicious calls, emails, or text messages to the FSC immediately.

Reporting Suspicious Activity

To facilitate swift action, residents can contact the Commission’s hotline at:

• (869) 465-2204 ext 1401
• (869) 465-2204 ext 1402
• (869) 465-2204 ext 1403

In addition to reporting suspicious activity, residents are advised to complete a report form detailing any fraudulent transactions. This will enable authorities to investigate and take necessary action to prevent further occurrences.

Protecting Yourself from Fraud

To protect yourself from falling victim to fraudulent schemes, consider the following:

• Sign up for mobile banking services, which offer real-time monitoring of account activities.
• Set up custom alerts to notify you of transactions or changes made to your accounts.
• Monitor all activities involving your accounts via these alerts.

Setting Up Alerts

Residents can set up alerts by visiting the MoBanking site and following the prompts. These alerts can be sent either to their cell phone or email, ensuring prompt detection of any suspicious activity.

The Importance of Proactive Measures

By taking proactive measures to detect and report fraudulent transactions, residents can help prevent financial losses and maintain the integrity of the financial system in Saint Kitts and Nevis. It is crucial for residents to remain vigilant and take steps to protect themselves from falling victim to fraudulent schemes.