20 December 2021GABORONE - As the festive gets further underway, consumer fraud and online tender scams are unfortunately increasingly being observed.Stanbic Bank Botswana wishes to warn the public against any and all unscrupulous companies and individuals who are working to defraud unsuspecting businesses, disguising themselves as genuine suppliers of goods and services. Such scams involve criminals setting up websites with the intent to lure in customers who believe that they are dealing with a genuine supplier. In most cases, goods never arrive after payment has been made and the website will normally disappear from the web..Said Shathani Molefe, Stanbic Bank Botswana Head of Compliance, “To ensure you do not fall victim to such scams, it is important to know how to select a supplier and that the supplier is really who they say they are. It makes good business sense to ensure you really know who you are dealing with before processing any payment so do your own due diligence to only engage with reputable, known suppliers.”One key red flag to look out for, Molefe notes, is the purported supplier not willing to share more information about themselves, or if the banking details they provide for payment are in the form of a private name and not a company name..“Stay vigilant this festive season to avoid falling prey to fraudsters and scammers,” he concludes.ENDS.
20 December 2021GABORONE - As the festive gets further underway, consumer fraud and online tender scams are unfortunately increasingly being observed.Stanbic Bank Botswana wishes to warn the public against any and all unscrupulous companies and individuals who are working to defraud unsuspecting businesses, disguising themselves as genuine suppliers of goods and services. Such scams involve criminals setting up websites with the intent to lure in customers who believe that they are dealing with a genuine supplier. In most cases, goods never arrive after payment has been made and the website will normally disappear from the web..Said Shathani Molefe, Stanbic Bank Botswana Head of Compliance, “To ensure you do not fall victim to such scams, it is important to know how to select a supplier and that the supplier is really who they say they are. It makes good business sense to ensure you really know who you are dealing with before processing any payment so do your own due diligence to only engage with reputable, known suppliers.”One key red flag to look out for, Molefe notes, is the purported supplier not willing to share more information about themselves, or if the banking details they provide for payment are in the form of a private name and not a company name..“Stay vigilant this festive season to avoid falling prey to fraudsters and scammers,” he concludes.ENDS.
