Cheating through internet by Lotteries etc . A warning from Reserve Bank of India
The Reserve Bank has issued an advisory cautioning the members of public against responding in any manner to offers of moneys from abroad. It has stated that such offers are fraudulent and has advised the public to immediately
register a complaint with the local police/ cyber crime authorities when they receive such offers or become a victim of any such fraud.
Members of public have also been cautioned against making any remittance towards participation in such schemes/offers from unknown entities since such
remittances are illegal and any resident in India collecting and effecting/remitting such payments directly/indirectly outside India is liable to be proceeded against for contravention of the Foreign Exchange Management Act, 1999. They are also liable for violation of regulations relating to Know Your Customer (KYC) norms/Anti Money Laundering (AML) standards.
The Reserve Bank has further stated that it does not undertake any type of
money arrangement, by whatever name called, and it does not take any responsibility for recovering moneys remitted in response to such bogus communication.
We are receiving a lot of messages as sited above and I am informing about this notificaation to mywindowsclub members, for keeping vigil in the matter. You are also requested to share your experience .