Scam awareness and financial intelligence

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In most instances the basis behind a scam is to gain money from the victim therefore awareness of scams is crucial. As scams can cost people a lot of money and cause a great deal of distress. 

The Financial Intelligence Centre (FIC) publish reports via their website that reveals the multiple scams that criminals are increasingly targeting their victims with and how the public should be more aware. And what they should do to prevent falling victim to scams and fraud. 

FIC publishes important information on the actual scams used so to inform and educate the public. As well as common tactics that scammers will use to get unsuspecting victims to part with their money these include: 

  • Promises of instant wealth
  • Asking for your bank account details to deposit winnings for a competition you didn’t enter. 
  • Scare tactics and emotional messages to convince you to part with your personal details and money.
  • Requesting you to pay a sum of money to release a large amount of pent-up funds from a benevolent donor or organisation. 

It’s important to be wary of these and similar types of messages and to not respond to them at all. Delete them and report them to your nearest police station. Remember, if the message sounds like a way to make easy money and too good to be true, it should not be trusted, as reported on FIC website. 

Also, if you’ve received what you think is a scam message, e-mail it to on scams@fic.gov.za  and it could appear on their website to warn other potential victims.

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