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At a time when cases of financial fraud through social networks, mobile apps and online are on the rise, Nepal Rastra Bank has asked the general public to be vigilant against criminal activities through digital means. Rashtra Bank has urged people not to believe in temptations such as 'we will give you a cheap mobile phone, win the lottery, double the amount, buy crypto or forex'.
"If you believe such a message and give your confidential information and private documents like citizenship as he said, you will not only earn wealth, but you will also lose what you have," said the message issued by the National Bank for financial awareness on Tuesday. The bank has advised to always be alert and take decisions only after thinking about receiving such messages.
``Let's pay attention to the fact that nothing is given for free and that there is always some trick hidden behind such messages,'' Rashtra Bank urges. According to the annual report released recently by the Bank's Financial Intelligence Unit, the number of digital transactions in Nepal has increased by more than 30 percent compared to last year. However, along with this, suspicious activities have also increased rapidly.
In the financial year 2020/21 The report mentions that 1 thousand 90 Suspicious and Suspicious Transactions Complaints (STR/SAR) were registered and after five years this number increased to 7 thousand 338 in FY 2023/24. May 31, 2024 Cyber-enabled fraud accounted for more than 63 percent of the suspicious and questionable transaction complaints received by
Suspicious activities associated with cryptocurrency transactions have also been on the rise lately. The National Bank believes that there is a need to control new risks such as virtual assets, crypto transactions and money laundering based on trade. "The rapid expansion of digital transactions has increased the possibility of misuse," the report said, "for this, financial institutions need more strict monitoring and compliance with the law."
