Saudi Banks Launch Campaign to Raise Awareness on New Financial Fraud Methods

The Saudi Banks Media and Awareness Committee has launched an awareness campaign tackling the latest fraud methods. 
The Saudi Banks Media and Awareness Committee has launched an awareness campaign tackling the latest fraud methods. 
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Saudi Banks Launch Campaign to Raise Awareness on New Financial Fraud Methods

The Saudi Banks Media and Awareness Committee has launched an awareness campaign tackling the latest fraud methods. 
The Saudi Banks Media and Awareness Committee has launched an awareness campaign tackling the latest fraud methods. 

The Saudi Banks Media and Awareness Committee has launched an awareness campaign tackling the latest fraud methods.

The initiative, "Not normal", aims to expose new methods of financial fraud that exploit technological and social advances.

The initiative focuses on the most common fraud methods, which include impersonating a bank employee, defrauding through anonymous calls and exploiting people by demanding their banking or personal information, and defrauding customers through fake online stores and phishing.

The initiative aims to expose fraud when investing in digital currencies with unknown people or companies.

It targets emotional fraud when people are exploited through a friend request on social media. People can also be deceived through lucrative job offers that sound too good to be true.

The committee warned people to be careful. It advised them against answering telephone calls from unknown numbers where the caller asks for bank details. People must be wary of fake ads and suspicious messages. They must ignore text messages and emails from unknown senders and delete them immediately.

It called on bank customers to protect their accounts and funds by strictly dealing with official authorities.

It stressed the importance of protecting their personal information, bank data and passwords and pin numbers. Moreover, customers must avoid accepting requests for assistance from strangers when using an ATM.

Customers were advised to check the credibility of online shopping websites and travelers were urged to change the password of their bank cards periodically, especially when returning from travel.

Computers must be protected with virus and malware protection programs.



India and EU to Finalize Free Trade Agreement by Year-end

European Commission President Ursula von der Leyen (L) addresses a joint press briefing as India's Prime Minister Narendra Modi listens, after their meeting at the Hyderabad House in New Delhi on February 28, 2025. (Photo by Money SHARMA / AFP)
European Commission President Ursula von der Leyen (L) addresses a joint press briefing as India's Prime Minister Narendra Modi listens, after their meeting at the Hyderabad House in New Delhi on February 28, 2025. (Photo by Money SHARMA / AFP)
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India and EU to Finalize Free Trade Agreement by Year-end

European Commission President Ursula von der Leyen (L) addresses a joint press briefing as India's Prime Minister Narendra Modi listens, after their meeting at the Hyderabad House in New Delhi on February 28, 2025. (Photo by Money SHARMA / AFP)
European Commission President Ursula von der Leyen (L) addresses a joint press briefing as India's Prime Minister Narendra Modi listens, after their meeting at the Hyderabad House in New Delhi on February 28, 2025. (Photo by Money SHARMA / AFP)

India will finalize a "mutually beneficial" free trade deal with the European Union by the end of this year, Prime Minister Narendra Modi said Friday after meeting with EU chief Ursula von der Leyen.

"We have asked our teams to work out a mutually beneficial bilateral free trade agreement by the end of this year," Modi said in New Delhi.

Von der Leyen, who is on a two-day visit to India with her college of commissioners, is seeking to hedge against souring relations with the United States and said they were "expecting a lot from our trade negotiators".

Deeper access to India's rapidly expanding market was at the top of the delegation's agenda, and the EU chief looked visibly pleased after her meeting with Modi and his ministers, AFP reported.

The EU is already India's largest trading partner, accounting for 124 billion euros ($130 billion) worth of trade in goods in 2023 -- more than 12 percent of total Indian trade, according to Brussels.

The Indian market offers many opportunities for sectors ranging from defense to agriculture, cars and clean energy. Yet, protected by high tariffs, it currently accounts for only 2.2 percent of EU trade in goods.

"We have tasked our teams to build on this momentum and finalize our FTA before the end of the year," von der Leyen said in a statement after the meeting.

Standing beside Modi, the EU chief added: "We told them they should surprise us".

The bloc is pushing for a trade deal that lowers entry barriers for its cars, spirits, wines and other products.

India meanwhile hopes for higher EU investments in areas such as clean energy, urban infrastructure and water management.

New Delhi is also pushing for easier mobility for its skilled workforce and higher investments for ventures in India.

Von der Leyen's visit, billed as the first of its kind to the world's fifth-largest economy, comes days after US President Donald Trump announced a slew of tariffs against both friends and foes.