Written by The Banking Post
Bangladesh Bank has sounded the alarm over a growing online loan scam where fraudsters are misusing the names and logos of the central bank and the International Monetary Fund (IMF) to deceive the public.
According to the central bank, a syndicate is operating fake loan schemes through websites, social media pages, and mobile apps, promising easy loans to unsuspecting individuals. Among the fraudulent sites identified are dbbloan.com, bblloan.com, and bdloan71.com.
Bangladesh Bank clarified that neither it nor the IMF has any connection with these platforms. The scammers are reportedly collecting sensitive personal data — including names, addresses, phone numbers, email addresses, and National Identity (NID) card details — during registration.
The central bank warned that such schemes not only defraud people financially but could also lead to serious legal and privacy risks. It further cautioned that operating any online or offline lending platform without the central bank’s approval is a punishable offence under the Payment and Settlement Systems Act, 2024.
Those found guilty could face up to five years in prison, a fine of Tk 50 lakh, or both.
Bangladesh Bank has urged the public to stay vigilant and avoid sharing personal or financial information on unauthorized websites or apps offering loans.
