BIS warns of rising impersonation scams using its name and marks

The BIS issued a public warning that its name and marks are increasingly being misused in fraudulent schemes including fake transactions, lotteries and social media ads.

BIS reports growing fraud schemes that falsely cite the institution as guarantor or payment intermediary. The warning is relevant to AML, fraud and customer protection teams handling unusual cross-border payment instructions referencing the BIS.

Impersonation of central financial institutions in scams creates customer harm risk and potential AML red flags in payment screening.

Fraud typologies referencing supranational institutions require updated detection rules and customer education.

“The BIS warns that its name and marks are increasingly being used in attempts to defraud the public through bogus financial transactions, fake lotteries, social media ads and fraudulent websites purporting to be the BIS.”