Actual case: How people get duped? – Money Transfer

A victim receives an unsolicited email claiming that he will receive a very large sum of money from someone he never heard of (normally involving someone from abroad).

The victim will be asked to pay a fee of some kind (tax fee, clearance fee, anti-terrorist fee, government fee) before the money would be released to him.

In relation to that, the fraudster attached "official looking" documents to support the transactions to transfer the money e.g. certificates/letters.

The fraudster usually has a ring of partners portray to be from various sectors or agencies e.g. financial institutions, customs, government officials etc.

With reference to the case of Mr. Alberto (not his real name) from Philippines, the fraudster introduced himself as a bank officer form Standard Bank of Malaysia and informed the victim that the request for the money transfer has been forwarded to Bank Negara and the case now is being handled by Encik Abdul Mustafa (not his real name), believed to be a Bank Negara officer using fake email address

If you received such emails or experience similar situation, please do not respond to the emails. This is clearly a fraud.

You can report directly to Bank Negara Malaysia via the following communication channels:

Call: 1-300-88-5465 (1-300-88-LINK)
Fax: 03-2174 1515
SMS to 15888: BNM TANYA [your report /query]


As part of our ongoing initiatives to educate the public and create awareness on financial fraud, we will publish a series of short write up of actual fraud case (on case by case basis) that has been reported to us.

We hope our readers will be more informed and could share these stories with their families, colleagues and friends.

Avoid becoming a victim!


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