Money Laundering

Scammers, likely to be members of foreign syndicates, pose as lonely individuals seeking companionship and love online. They befriend victims on social media sites and after gaining their trust, ask the victims to open a new bank account or use an existing bank account to receive money. When the money is deposited into account, the victim is asked to pass or send the money to another person or company, usually based overseas. Alternatively, scammers post job advertisements on online job portals or social media platforms for the position of “agent”. The “agents” will earn commission for receiving and transferring money for a “legitimate” company.