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🇵🇾 Paraguay /Economy & Trade

Paraguay’s central bank warns of scams using its name

From ABC Color · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Ongoing story
  • The Central Bank of Paraguay warned that scammers are falsely attributing investment recommendations to the institution and its officials.
  • The bank said it does not endorse investments, financial platforms, companies or individuals offering returns through social media or messaging apps.
  • It urged the public to avoid suspicious links and money transfers and verify investment information through official channels.

The Central Bank of Paraguay has warned the public about scams falsely using the institution’s name and attributing investment advice to economic authorities.

In a statement issued Thursday, the bank said those claims are completely false. Neither the institution nor its authorities promote specific investment recommendations or endorse platforms, companies or individuals promising financial returns through messages, links, social media posts or messaging applications.

The BCP urged people not to open suspicious links shared on social media or WhatsApp. It also advised them not to send money to strangers or use questionable platforms.

Before making any investment decision, the public should verify the information on the bank’s website and official communication channels.

About this summary

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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