Fraud Prevention Service warns about increased banking scams

VAALDRIEHOEK - Non-profit organisation the Southern African Fraud Prevention Service says with the end of the year approaching, banking scams are on the increase in the country. In 2023, of the 8,521 formal cases which were opened at the Ombudsman for Banking Services, 3,380 were categorised as fraud. The organisation’s head of operations, Roy Retief, says a new modus operandi involves scammers calling potential victims and asking them to move money into a safer or higher-interest-bearing account.

PHOTO: (Supplied)