King's Town Bank collaborates with Xuejia Police to successfully prevent fraud and freeze remittance to fraudulent accounts

On February 13th, Xuejia Police Station received a report from Assistant Manager Chen of King's Town Bank, that a woman surnamed Wang (45 years old) attempted to transfer NTD 400,000 to a warning account at the bank's counter. As a result, the police were notified to investigate.

The police asked Ms. Wang about the remittance situation. Ms. Wang indicated that on January 13, she used mobile phone to go online and added a scam account as a friend on LINE. The account claimed that it could make easy profits through stock trading and encouraged Ms. Wang to actively invest to avoid missing money-making opportunities.

Ms. Wang, without any suspicion, remitted NTD 100,000 and NTD 200,000 in late February. The bank staff had repeatedly expressed concern, but she still firmly believed that she had not been scammed and insisted on transferring the remaining NTD 400,000 in her account to the fraudulent account. Assistant Manager Chen, noticing Ms. Wang's unusual speech and behavior, began to investigate the recipient's account and found that it had been reported as a warning account. As a result, the previous remittance of NTD 200,000 was held in the warning account (which could be retrieved later). He immediately notified the police officers from Xuejia to go to the bank to intercept the fraud.

After arriving at the scene, Xuejia police chief Yan Zijian exposed the fraud and explained to Ms. Wang that this approach was a common tactic used by fraud groups. Ms. Wang suddenly realized the truth and thanked the police for saving her hard-earned NTD 600,000.

Xuejia Police Station urges: In recent years, with the fluctuations in the stock market, fraud groups have targeted stock investors who want to profit during this time. They create numerous groups on social media platforms, boasting about guaranteed profits and no losses. They teach investment concepts and share screenshots of others who have profited under their guidance to lure victims into trusting them. Once the victim transfers the money, the scammers disappear without a trace, leaving the victim to realize they have been defrauded.

Joint financial defense is a key collaboration between the police and banks. By working together, they act as gatekeepers for public safety and financial security, so that people are not alone when facing scams.