NASSAU, BAHAMAS — The Central Bank is cautioning the public to avoid falling victim to fake internet ads and social media posts offering loans and other financial services purportedly from the Central Bank of The Bahamas.

The regulator, in a notice on the consumer loan alert scam, warned that links associated with these posts should not be clicked.

"Members of the public should always be skeptical and avoid giving out personal information to individuals or companies they do not know. They should also refrain from making payments to unknown persons, even through banks and money transfer businesses. The Central Bank reminds the public that it does not offer loans or banking services to the general public. This alone is a signal that a scam is taking place. The public is encouraged to contact the Central Bank directly to validate the credibility of such offers," the Central Bank stated.

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