Financial Crime World

NAURU ON HIGH ALERT FOR FRAUDULENT ONLINE BANKING ACTIVITIES

The Nauru Financial Intelligence Unit (FIU) has issued a public notice warning citizens to be cautious against online scams and fraudulent activities, particularly in light of the ongoing COVID-19 pandemic.

The FIU has identified an increase in cyber-related crimes, fake charities, and medical schemes targeting innocent victims. These scams often use the pandemic as a means to exploit people’s goodwill and spread misinformation about COVID-19.

Types of Scams to Watch Out For

  • Fake Donations: Scammers solicit donations or steal personal information by impersonating government agencies or healthcare organizations.
  • Investment Scams: Fraudulent investment schemes promise unapproved or misbranded products claiming to prevent, detect, or cure the coronavirus.
  • Product Scams: Scammers offer fake products that claim to provide protection against COVID-19.
  • Fraudulent Charity Schemes: Charities claim to be collecting funds for COVID-19 relief efforts but are actually scams.

How to Avoid Becoming a Victim

To avoid falling prey to these online scams, citizens are advised to:

  • Exercise great caution when trading using online services, including social media.
  • Conduct due diligence checks on new suppliers and verify their genuineness before transferring funds.
  • Be wary of unsolicited emails, clicking on suspicious links, opening files or sharing bank account details if they are unknown or suspicious in origin.

Reporting Suspicious Activity

If you suspect any fraudulent activity, please report it to the authorities immediately. For more information or assistance, citizens can contact Rajas Swamy, Nauru Financial Intelligence Unit Supervisor, at rajasswamy@ gmail.com or 5573388.

Remember, vigilance is key in preventing online fraud. Stay informed and stay safe!