Monday, December 23, 2024
Saudi banks warn about charity scammers and public figure impersonators
The Saudi Banks Media and Awareness Committee has issued a warning to customers about scammers using social media or instant messaging apps to pretend as charitable organizations or famous people in order to cheat them to steal money. Most Viewed: Saudi Arabia discovers White Gold reserves in its Oil fields
According to the committee, these fraudsters take advantage of people by making them think they are from legitimate organizations and then using false documents and seals to get them to pay money to seek help. It was pointed out that these sites and programs are not used by government authorities to declare or look for donors of gifts.
"Fraudsters are looking for all ways to attract people, by fooling victims into believing that they can receive donations or support from these well-known charitable institutions that they claim to be responsible for, or by using the names of legal entities that provide support and assistance, and that the victim must pay some fees by transferring money or paying fees through links in order to carry out the rest of the procedures," according to the report.
According to Rabah Al-Shemaisi, secretary general of the Saudi Banks Media and Awareness Committee, the committee has issued a statement urging members to ignore requests for money or services from unknown sources. According to her, the committee has seen a rise in these types of fraud cases, so it's best to be cautious about sending money to anyone who asks for it as genuine payment for bills or services. Trending: Saudi Arabia issues new salary scale for eningeering jobs
Take advantage of the safe "Sadad" system for all of your financial transactions, it's accessible in all Saudi bank and money exchange apps. She stressed that the bank needs to be informed right away of any fraud incidence so that they can take the appropriate steps to recover the funds.
No official entity seeks fees, adds a beneficiary, adds an invoice, or pays amounts in exchange for accepting donations, according to Rima Al-Qahtani, head of the fraud control department of the Arab National Bank.
As part of their national awareness programs, Saudi banks are issuing these warnings to encourage people to be wary of scammers preying on nonprofits and other legally recognized organizations. Subscribe to Saudi Expatriates on YouTube
According to legal expert Dr. Aseel Al-Jaid, fraudsters can hide their identities, making them hard to trace.
The majority of fraudulent individuals are not from the Kingdom and may take advantage of people's trusting nature to gain access to their bank accounts, which they will then use to steal money, according to Al-Jaid, who spoke with Al-Ekhbariya Radio.
Further examples of fraud that he listed included promising victims loans from multiple banks, advertising fake jobs, saying they could help with finding female workers, and other similar schemes. He stressed the need for stricter prosecution measures against fraudsters who use AI, forge documents, and hide their identities. Follow Saudi Expatriates on X
Saudi banks warn about charity scammers and public figure impersonators - Saudi-Expatriates.com
