Written by The Banking Post
A fraudulent group has launched fake loan apps and websites using the names of the Bangladesh Bank and the International Monetary Fund (IMF), prompting the central bank to issue a public warning against these scams.
In a caution notice issued on Monday (October 6), the Bangladesh Bank stated that two platforms — https://dbbloan.com and https://bdloan71.com — are illegally offering fake loan services. The central bank clarified that it has no affiliation with these websites or applications, nor does the IMF.
According to the notice, these platforms ask users to provide personal information such as their name, address, date of birth, mobile number, email, and national ID number during registration. This exposes users to risks of financial fraud and data theft.
The Bangladesh Bank has strongly advised the public not to share any personal or financial information, communicate with, or conduct transactions through such fraudulent apps or websites.
The notice further cited Section 15(2) of the Payment and Industrial Policy System Act, 2024, which stipulates that accepting deposits or providing loans to the public — online or offline — without Bangladesh Bank’s approval is a punishable offence. The law carries a maximum penalty of two years’ imprisonment or a fine of up to Tk 5 million.
The central bank said it will take necessary legal actions against those involved in such scams and urged the public to verify authenticity before engaging in any financial transactions.
