ADB Warns About Fundraising Scams in Mongolia | Asian Development Bank

ADB Warns About Fundraising Scams in Mongolia

News from Country Offices | 2 August 2018

ULAANBAATAR, MONGOLIA (2 August 2018) — The Asian Development Bank’s (ADB) Office of Anticorruption and Integrity (OAI) advises the public to be aware of scams soliciting money fraudulently and claiming an affiliation with ADB.

The bank is investigating complaints of individuals posing as ADB staff or using ADB office addresses to raise money in exchange for a loan or reward. ADB urges the public not to send banking and personal information to suspicious entities, whether in person or online. If you suspect you have been or are being targeted by scammers, please contact your local law enforcement agency.

As a development institution, ADB does not solicit money from the public, so any claim otherwise—for transaction fees, administration fees, foreign settlement fees, and such—is false. ADB also does not solicit personal information or bank account details in exchange for employment. In addition, ADB never sends official communication from domains other than “@adb.org.”

To report individuals or entities suspected of fraudulent or corrupt practices involving ADB, please contact OAI at [email protected]. In addition, all ADB projects and offices can be verified by calling ADB directly using information listed on the following web pages: https://www.adb.org/countries/main or https://www.adb.org/news/features/beware-business-scams-using-adb-s-name.