THE marketing director of a leading remittance service is urging customers to be aware of money laundering scams, writes Reena Kumar.
Richard Levy from MoneyGram told Eastern Eye that security was one of the company’s concerns because of the rise of “tricksters” contacting people and requesting cash.
He said it was important that those wishing to send money abroad only do so to people they know.
Levy’s warning comes ahead of Eid where Muslims will celebrate the end of the holy month of Ramadan, which began on Monday (6).
He said: “Our website is very secure and safe, but the customer does need to be aware that they only send money to people they know. Scams are very sophisticated these days so we do advise only sharing the reference number with the receiver. We do monitor all transactions to be aware of any unusual activity.”
South Asian customers who send money abroad to India, Sri Lanka, Pakistan and Bangladesh make up a “huge market” for the company, Levy (right) said. Clients using the service are given a reference number after transferring money which is also handed to the receiver which they use to pick it up.
As well as using a post office, online payments can also be made. The company claims the process takes as little as ten minutes.
On occasion, fees are waived during times of natural disasters when people are looking to send money to their loved ones.