We had a proposal to receive funds for investment via MT103 and MT202. The sum is large. Is it safe to receive such payments via SWIFT? How can we protect ourselves? Where is the catch?
Receiving funds with MT103
- Thread starter jessept
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I've been offered deals like that, most are scams and from what I researched that kind of bank transfers can be reverted
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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams
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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams
MT103 (SWIFT) is a very common way of sending payments internationally,regarding GiGoGo comments yes they can be reverted otherwise known as a RECALL but these usually are dependant on both parties agreeing on funds being returned to each other its very rarely one sided.
how did the client come to you ? Have you got any kyc on them and done any basic due diligence?
how did the client come to you ? Have you got any kyc on them and done any basic due diligence?
Absolute scam and waste of time. Don't even bother looking into it or getting excited it is 100% nonsense. The Nigerian prince will not deliver I am afraid.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
A question out of personal interest - why does these kinds of options (like MT103) even exist if it's always (or mainly) used for scamming people?
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https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!
As EUR99 said.
Just trust me that anyone who is not a bank that talks about MT103, MT101 or even MT760 etc is a scammer. DO NOT even bother entering a conversation with them.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
https://www.tannerdewitt.com/conditional-mt-103-no-siree/https://www.secureplatformfunding.com/mt103-fraud/
During 2017 and 2018 I've been approached by some people asking me "Do you accept MT103 ?" and asking for full KYC
100% cases were waste of time I wonder if they use it for Phishing. Of course I didn't send anything but my Coinbase referral just in case 😉
Last edited: Dec 9, 2019
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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams
During 2017 and 2018 I've been approached by some people asking me "Do you accept MT103 ?" and asking for full KYC
100% cases were waste of time I wonder if they use it for Phishing. Of course I didn't send anything but my Coinbase referral just in case 😉
Last edited: Dec 9, 2019
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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams
Hopefully OP realizes this fact before its too late 😕.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
OP never came back. I think the Nigerian prince with $100bn he needs to transfer to an account in return for 10% cut may have got him...lol.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
I have a feeling now the OP is the scammer.
He came here probably hoping that he could find someone interested in helping with this deal. Scam quickly got exposed and he has not come back eek¤%&.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
He came here probably hoping that he could find someone interested in helping with this deal. Scam quickly got exposed and he has not come back eek¤%&.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
I was the OP. The persons who are offering it are known to us. But I am not sure where the catch is on this offer. As I understood, the MT 202 form would be without COV. No transaction fee to be paid. I am not sure whether we would receive the funds, whether we would get in trouble for it as well.
If I were you money in the bank account first before Bitcoin operation and ensure the money is settled
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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams
You changed username?
Then congrats you know a scammer thu&¤#
You cannot be serious that you are actually listening to anything the scammer told you.
No sh*t sherlock. Damn can't believe there are people this naive out there doh948"". Hey good luck anyway...lol.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Someone offered me the same, I googled and found this thread!
@Martin Everson please help, is this a scam and what does it mean?
Run a a million miles away and don't look back
Its a scam and it means fraud. The trick they use is one of simple engagement. They keep you interested for long enough to convince you that you have nothing to lose by engaging with them. Without going into detail in case of copycat actors out there you basically will not see a penny. Think of the scam like a fit bird who is nothing more than a tease i.e you will never get to sleep with her but you will do more than you should to try to win her. That is what the scammers objective is.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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