The committee underlined the strategies scammers employ to build victims' trust—including the use of official-looking seals and fictitious documentation—by Claiming to be representatives of reputable companies, they control people by pushing them to pay fees in return for alleged help, The committee underlined that official organizations do not use such illegitimate means to solicit funds or choose recipients.

"Scammers use several strategies to fool people," the committee said, "frequently giving the impression that persons are qualified for donations or support from well-known charitable organizations. They also seem respectable by using the names of reputable companies. Under the cover of formality, victims are often asked to pay fees using bank transfers or suspicious links."

Secretary General of the Saudi Banks Media and Awareness Committee Rabah Al-Shemaisi advised against answering any solicitations for fees or payments in return for gifts or services. She underlined the need of not engaging in any financial activity with organizations demanding such amounts as the number of such scam instances being reported is rising. She also counseled consumers on making valid payments using the "Sadad" system, a safe platform accessible through all Saudi banking and money exchange programs. Al-Shemaisi advised those who suspect fraudulent behavior to notify their bank right away so that suitable action might be done to retrieve missing money.

Head of the Arab National Bank's Fraud Control Department Rima Al-Qahtani underlined that no respectable company asks fees, names recipients, or generates invoices in order to get donations, She underlined that any such demands should be seen with mistrust since they are obvious signs of dishonest plans.

These cautions are a part of a larger campaign Saudi banks are running to fight financial fraud. National awareness programs are running to inform the public on the strategies used by fraudsters and to inspire vigilance against scams using the names of respectable legal firms and charitable organizations.

Particularly with regard to financial transactions including pledges of gifts or assistance, the committee underlined the need of remaining aware and exercising care. Consumers are advised to rely just on official, trusted channels for payments or help access. Saudi banks want to guard people from being victims of financial frauds and guarantee that dishonest behavior is kept minimum by increasing knowledge and encouraging caution.

Saudi banks caution against scammers posing as charities or public figures

Comments