Misleading advertising and marketing strategies are often used in wire fraud
Are you active on social networks?
Are you always browsing social networking sites?
If so, beware of wire fraud! In light of recent cases of fraudulent behaviour on social media networks, the Public Prosecution Office in Abu Dhabi issued a warning to locals about the dangers of wire fraud and trolling through forged websites and pages. The regulator issued a stern warning decision that individuals convicted of wire fraud face
Penalties including imprisonment and fines up to Dh1 million.
Many people, says the Public Prosecutor's Office, have fallen for schemes that promise easy money, great prizes, and attractive profits. Misleading advertising and marketing strategies are frequently used in these schemes. The Public Prosecution has issued a warning to internet and social media users to be on the lookout for suspicious financial activity and to refrain from engaging with anyone who seems to be acting illegally
And there are strict decisions put in place by the United Arab Emirates that punishes
fiercely on wire fraud. Anyone caught stealing money, property, services or signatures online or through any electronic or computerized means is subject to a fine and a possible prison term of between Dh250,000 and Dh1 million, depending on the seriousness of the crime and the dimensions of the crime.
The Public Prosecutor has asked citizens to notify the proper authorities of any possible wire fraud. Help prevent further financial damages to the community and ensure those responsible for these crimes face justice by reporting them.
In recent years, the United Arab Emirates has adopted a firm position against cybercrime, especially in the realm of financial fraud. Stricter restrictions and tougher fines for offenders are just two of the measures the government has put in place to reduce the incidence of such crimes. Residents are urged to keep an eye out for unusual behavior and report it to the police.