Working with related agencies to block online illegal financial advertisements
In the case of online loan advertising, you must check whether it is a registered loan company.
Illegal trading of personal credit information is punishable by imprisonment for up to 5 years.
▲Illegal private financing photo: Yonhap News
The Financial Supervisory Service has recently issued a consumer caution warning in online communities as illegal companies are using advertisements for illegal loans to lure borrowers or recruit co-conspirators for illegal financial investments.
In addition, in order to block the source of illegal private finance distribution channels that threaten the survival of the common people, the Financial Supervisory Service has begun to block online illegal finance advertisements in cooperation with related organizations led by the ‘Pan-Government Task Force on Combating Illegal Private Finance’.
According to the Financial Supervisory Service, illegal companies are secretly luring consumers who need small loans or urgent funds through provocative advertising phrases such as ‘Same-day deposit of 500 to 3 million won’ and ‘Incomparably low interest rates’ in online communities.
Victims who have taken out private loans from illegal traders through Internet cafe advertisements are experiencing extreme psychological anxiety due to illegal collection accompanied by abusive language and threats.
In addition, in order to recruit criminal conspirators, illegal financial investment companies deceptively advertise illegal advertisements such as ‘recruiting foreign futures brokerage partners’, ‘recruiting overseas futures bluff catchers’, and ‘providing the latest HTS/MTS’ through online recruitment/job seeking and self-employed communities. A post is being posted.
In addition, illegal operators are posting numerous illegal personal credit distribution advertisements on ‘marketing-related’ bulletin boards, including ‘loan DB’, ‘stock DB’, and ‘overseas futures DB’, advertising that they are purchasing and selling the personal credit information of existing financial transaction users. By posting articles, we are encouraging illegal transactions of personal credit information, which is abused for voice phishing, illegal private financing, and investment fraud.
The Financial Supervisory Service warned that if a loan advertisement is made through a website, you must check whether it is a registered loan company, and never respond to a company that advertises that strangers can make high profits by selling stocks and foreign futures online, as this is an illegal business.
In particular, we cautioned that personal credit information will only be used for the purpose of determining whether to establish and maintain commercial relationships such as financial transactions, and that violations of this may result in imprisonment of up to 5 years or a fine of up to 50 million won.
The Financial Supervisory Service plans to actively respond to eradicate financial crimes that violate the people’s livelihood, including promptly requesting an investigation if there are specific suspicions of illegal information distribution through illegal Internet cafes or sites.
#Illegal private loan #Online illegal financial advertisement #Consumer caution warning #Financial crime
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2023-12-27 03:41:36
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