Advisory: Guard Against Online Investment Scams

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The Singapore Police Force observes a trend of investment scams involving fraudulent online platforms, sometimes masquerading as legitimate investment opportunities, such as those related to "BNBPULSE". These scams typically promise attractive returns with little to no risk.

Here's how you can 'Check' for scam signs:

• Be cautious of unsolicited investment opportunities or platforms (like "BNBPULSE") that promise unusually high or guaranteed returns in a short period. Legitimate investments always carry some risk.
• Always verify the legitimacy of investment platforms and schemes. Check if they are regulated by the Monetary Authority of Singapore (MAS).

If you suspect you have fallen victim to an investment scam:

• Immediately contact your bank to report any unauthorised transactions and try to halt them.
• 'Tell' the authorities by lodging a police report.
• Change passwords for any online accounts that might have been compromised.

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