Beware of business scams using ADB’s name

Article | 8 May 2017

ADB's Office of Anticorruption and Integrity (OAI) is issuing a warning about fraudulent emails that claim to be from ADB officials, or from individuals or companies working with ADB.

The letters may:

  • Contain the name, address or logo of ADB or a similar, fictitious, organization such as the “Asian Development Finance Authority”.
  • Be sent from a domain similar to ADB’s. For example, instead of “adb.org”, the substituted domain is “adb.or”.
  • Name-drop reputable prominent organizations such as the Financial Crimes Enforcement Network (FinCEN), the International Monetary Fund (IMF), or the International Criminal Police Organization (INTERPOL).
  • Contain personal details, like the recipient’s name, professional position or home address in order to appear legitimate.
  • Use language or jargon that is specific to a business or company with a high degree of sophistication.
  • Create a scenario that necessitates immediate attention or action, such as a bank transfer, tax inspection or a financial investigation.
  • Imply that they are trying to get permission, verify information, or provide security details.
  • Make enticing promises, such as large monetary rewards.
  • Include the solicitation of bids for the provision of travel services using the domain names [@procurement-adb.org] and [@travelunit-adb.org] which are not ADB email addresses. ADB is not currently undertaking any such exercise in its Manila headquarters or any of its other offices.

These emails often aim to extract valuable information like passwords, security passes, or bank account numbers, or to dupe individuals into making a high-value transaction.

OAI reiterates that ADB does not solicit personal information or bank account details by email. ADB is not associated with the people responsible for these fraudulent emails.

The ADB is a multilateral financial organization whose transactions and operations are carried out personally by authorized staff. All official communication uses a secure domain ending exactly in [email protected] ADB does not make transactions that are commercial; it does not engage in charities or lotteries and it does not make email-only wire transfers.

Should you receive suspect letters as described above, please ignore it and treat as spam. Always be skeptical of email-only fund transfer requests involving urgency. Under no circumstances should you send your banking details, personal information, or any payment to the sender. Do not click on the links, URL (internet address), or open the attachments. Please double check if the logo, name, and domain have been misrepresented or mimicked.

If you suspect that you have been targeted by scammers, you may report it to your local law enforcement agency or investigation bureau. You may also file a complaint with the police.

Additionally, you may contact the ADB IT Security at [email protected]. To report the sender for fraudulent or corrupt practices, contact OAI at [email protected].