16 Nov 2022
The Gulf Monetary Council warns against impersonate of its name and identity in financial fraud and deceptive practices
The Gulf Monetary Council (GMCo) would like to warn the public of falling victim to any of financial fraud and deceptive practices by responding to suspicious attempts and advertisements that impersonate GMCo’s name and identity or claims its sender to be a member belonging to GMCo, and these carried out by means of various communications technology.
This warning has been issued following detection of a number of fraudulent calls and advertisements by unknown entities and persons during the recent period, which seek to access personal information and deceive individuals by impersonating GMCo’s name and identity or claims its sender to be a member of GMCo. These scams also intends to deceive individuals, recipients of such correspondence, into receiving guaranteed profits or sums of money and request registering their personal information via contacting with phone numbers or accessing phishing hyperlinks that aren’t related at all to GMCo.
GMCo also would like to warn about other fraud schemes, following detection of a number of fake accounts in social media and internet websites during the recent period. These scam accounts by unknown entities and persons attempt to impersonate GMCo’s name and identity or falsely claiming to be employees of GMCo with aim of job scams, commercial marketing purposes, or impersonating others.
In order to protect the public and contribute to efforts of fighting such deceptive practices and cybercrimes, the Gulf Monetary Council thereby urges to obtain the relevant information from official sources and not to respond to these phishing attempts, knowing that the Gulf Monetary Council does not have any account in any social media and internet websites except for one account in Linkedin to announce job vacancies, and in addition to the official website (www.gmco.int). This what needs to be clarified these against financial fraud and deceptive practices.