Bahrain: CBB Warns Customers On Fraudulent Banks

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Unlicensed financial institutions that market securities have targeted people through SMS, telephone calls and websites, the Central Bank Of Bahrain (CBB) has announced.

The fraudulent activities were carried out under the name of “United Investment Bank” with multi-award winning financial services to its clients in Bahrain tagline quoted in its website.

The Bank’s website also listed a commercial registration number in Saudi Arabia while mentioning itself as a closed joint company, attracting customers under its shield.

The CBB has urged its customers to visit the register of licensed financial institutions on CBB’s website in order to ensure they are not subjected to cheating by fraud institutions

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