The Royal Monetary Authority of Bhutan has issued a public notification urging heightened caution against One-Time Password (OTP) scam activity, noting that such schemes are often run during long holidays and weekends. The alert describes scammers impersonating officials from the Royal Monetary Authority of Bhutan, banks, telecom companies, or other agencies via WhatsApp, phone calls, or social media, typically promoting lottery prizes, investment opportunities, or cryptocurrency schemes to obtain OTPs and other sensitive information. The authority reminded the public not to share OTPs, M-PINs, T-PINs, or personal banking details, and reiterated that banks and government agencies do not request OTPs or confidential information over the phone or social media; recipients of suspicious messages are advised not to engage and to verify directly with their bank or the relevant agencies.
Royal Monetary Authority of Bhutan 2025-11-10
Royal Monetary Authority of Bhutan warns the public about OTP scams during long holidays and weekends
The Royal Monetary Authority of Bhutan has issued a warning about OTP scams, particularly prevalent during holidays, involving impersonation of officials to extract sensitive information. Scammers use platforms like WhatsApp and social media to promote fake lotteries and investments. The public is advised not to share OTPs or personal banking details and to verify any suspicious communications directly with banks or relevant agencies.