Common Types Of Fraud And Scam: Fake Documents

The Bangko Sentral ng Pilipinas (BSP) has warned the public to be aware of the scam using fake documents allegedly issued by the BSP, corporations, or institutions.

Scammers, pretending to be authorized officials of a specific company, provide documents to individuals, corporations, or institutions. Scammers claim that such documents will facilitate financial transactions in favor of the recipients, in exchange for confidential personal or corporate information, and are subject to fees or charges.

What is Fake Document Fraud?

Fraudulent documents allegedly serving as proof of peso or dollar deposit accounts, fund transfers, gold reserves, securities, or investments being marketed, sold or traded by individuals or companies which claim that such documents are issued, secured or guaranteed by the BSP, the government or any of its agencies.

Remember

• Do not believe any person or company claiming that possession of such documents can facilitate financial transactions in favor of holders or recipients.
• The BSP or government agencies do not authorize individuals or companies to market, sell or trade such items.
• The BSP in particular only deals with BSP Supervised Financial Institutions (BSFIs), institutional partners, and duly contracted suppliers of goods and services. The BSP does not provide banking and financial services to individuals and the general public.