The Bank of Mauritius (BoM) and the Financial Services Commission (FSC) issued a joint public notice cautioning against unregulated investment opportunities advertised through social media and other informal channels, including schemes linked to financial products and virtual assets often referred to as cryptocurrency that promise abnormally high returns. The notice flags common warning signs such as unrealistic profits in a short time, aggressive pressure to invest, requests to pay through unusual or untraceable methods, incentives to recruit others for commissions, and a lack of transparency. It also highlights schemes that exist mainly on social media with little or no physical presence, or that are promoted by influencers offering training and seminars while claiming unrealistic returns. Consumers are advised to verify that firms and individuals are duly licensed, authorised, or registered via the BoM and FSC websites, to deal only with licensed service providers, and to report suspicious activity to the authorities.
Bank of Mauritius 2026-02-05
Bank of Mauritius and Financial Services Commission warn the public against unregulated high return investment and virtual asset schemes promoted on social media
The Bank of Mauritius and the Financial Services Commission issued a joint notice warning against unregulated investment opportunities promoted via social media and informal channels, particularly those linked to financial products and virtual assets promising high returns. Consumers are urged to verify the licensing of firms and individuals through official websites and report suspicious activities to authorities.