Stanbic IBTC Launches Campaign to Combat Scam Attempts Targeting Mutual Fund Holders
Stanbic IBTC Asset Management has intensified its efforts to protect customers from a disturbing rise in fraudulent activities targeting mutual fund holders.
The company has unveiled a robust campaign to educate investors about safeguarding their investments and understanding proper mutual fund subscription procedures.
The initiative comes in response to a spike in enquiries about suspicious mutual fund subscription messages.
According to Stanbic, many of these fraudulent messages contain inconsistent and incorrect account numbers, causing confusion and anxiety among investors.
In a bid to address these concerns, Stanbic IBTC Asset Management has rolled out an educational campaign to provide accurate information and actionable security tips aimed at minimising scam incidents.
The campaign focuses on three key objectives:
Educating Customers: By disseminating clear and precise information, the company seeks to empower investors to make informed decisions regarding their mutual fund subscriptions.
Promoting Due Diligence: Customers are urged to verify the payment accounts for any Stanbic IBTC mutual fund transactions to ensure the legitimacy of all financial communications.
Raising Scam Awareness: The campaign highlights the tactics employed by fraudsters, equipping customers with the tools to recognise and avoid scams effectively.
Speaking on the initiative, Busola Jejelowo, Chief Executive of Stanbic IBTC Asset Management, underscored the company’s commitment to its customers’ financial security.
“At Stanbic IBTC, our top priority is our customers’ financial safety, and we are fully committed to ensuring that our clients have the security they need while managing their investments.
“This campaign is designed to protect our customers and empower them with the knowledge necessary to recognise and verify the authenticity of any communications they receive. By doing so, we aim to foster a sense of confidence and security among our clients regarding their financial decisions,” she said.
The campaign also stresses vigilance regarding suspicious communications; customers are strongly advised to verify the authenticity of any unexpected requests for fund transfers, particularly those involving unlisted account numbers.
Stanbic IBTC Asset Management has urged clients to reach out to its support team directly for clarification or to report any concerns about questionable communications or transactions.
By launching this proactive initiative, Stanbic IBTC Asset Management aims to bolster trust and confidence among its clientele, reinforcing its dedication to ensuring the financial safety of investors.
Source: Oriental News
