Advisory: Beware of Fake CNA Investment Schemes

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Advisory: Beware of Fake CNA Investment Schemes

We've observed a trend where scammers impersonate CNA (Channel NewsAsia) to promote fake investment opportunities. These scams aim to trick you into transferring money or divulging personal banking information.

How to recognise this scam:

• Scammers use the CNA brand or name to promote investment schemes through social media, messaging apps, or websites that look like legitimate news or financial platforms.
• These fake schemes often promise unusually high returns or profits in a short period with minimal risk. Be wary of any investment opportunity that seems too good to be true.

What to do if you encounter such a scam or have been affected:

• Do not click on suspicious links or engage with these offers. Do not provide any personal or banking details.
• If you have already shared your banking information or transferred money, immediately contact your bank to report the fraudulent transaction.
• Report the incident to the police via the online at www.police.gov.sg/iwitness or call 999. Inform your family and friends about these scams to prevent them from falling victim.

Unsure if something is a scam? Check by calling the 24/7 ScamShield Helpline at 1799.