How can I tell if an online investment or trading offer in Bahrain is a scam?

The Central Bank of Bahrain (CBB) warns that unlicensed firms often target people through websites, social media, apps and messaging groups. Anyone offering financial services in or from Bahrain needs a CBB licence, and pretending to be licensed is against the law. Common offers to be wary of · Forex, crypto or online trading platforms. · Investment advice and portfolio management. · Lending, remittance, crowdfunding or insurance offered by unlicensed firms. Warning signs the CBB lists · "Guaranteed" or "risk-free" returns, or high fixed returns. · Pressure to invest straight away. · Contact only through social media or messaging apps. · Requests to pay into a personal account or an overseas company. · Fake licences or certificates, copied logos, celebrity endorsements or fake reviews. What to do · Look the firm up in the CBB's register of licensed institutions before sending any money. · Check its Commercial Registration (CR) number as well. · Report anything suspicious to the CBB, or call the anti-corruption and economic and electronic security hotline on 992. The catch If you deal with an unlicensed firm, you lose the protections that come with a licensed one. Money sent abroad can be very hard to get back, and you may have no formal complaint route. Steps · Look the firm up in the CBB register of licensed institutions. · Check its Commercial Registration (CR) number. · Do not pay into personal or overseas accounts. · Report suspicious offers to the CBB or call 992.

Scams & financial fraud in Bahrain

How can I tell if an online investment or trading offer in Bahrain is a scam? — The Central Bank of Bahrain (CBB) warns that unlicensed firms often target people through websites, social media, apps and messaging groups. Anyone offering fin

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