Fraudulent schemes


The name and marks of the Bank for International Settlements (BIS) are increasingly being used in attempts to defraud the public, for example through bogus financial transactions, fake lotteries, fake social media ads and other scams. In some scams, the BIS is mentioned as the bank through which payments will be made or assets are guaranteed. Fraud may be perpetrated via letter or email, or via a website purporting to be that of the BIS. The Bank is also aware of fraudulent websites that are misusing its name and those of staff members.

The BIS would like to remind the public that it is an international organisation providing banking services exclusively to central banks and other official sector customers. The BIS does not accept deposits from, or offer financial services to, private individuals or corporate entities; this includes payment services such as cheque clearing. It also does not verify, certify, license or guarantee…

Read full article at