Knowledge Sharing Session: Knowledge-sharing on legal awareness on online fraud

The Ministry of Legal Affairs held a knowledge-sharing session on legal awareness regarding online financial fraud at the ministry on December 4. Union Minister and the Union Attorney General, Dr. ThidaOo, attended the event.

During the session, Deputy Director U Kyaw Min Aung from the Prosecution Department explained the reasons for organizing the knowledge-sharing session, the types of online fraud encountered, examples of online financial fraud incidents, dos and don'ts to avoid becoming a victim of online financial fraud, and the procedures to follow if defrauded. Based on the explanations and discussions, it was shared that to prevent financial theft from one’s Online Banking Account or Pay Accounts (such as K Pay, AYA Pay, Wave Pay, etc.), it is necessary to avoid clicking on links sent by unknown persons or those pretending to be acquaintances, downloading applications from such sources, and sharing one’s User Name, Password, or OTP Code.

When making payments for online transactions or investments, it is essential to verify the recipient carefully. If the recipient is not a genuine seller or investor, the transferred money may be lost. Online fraudsters often use Pay Accounts registered with another person’s Citizenship Scrutiny Card (CSC) details, SIM cards registered under another person’s CSC, or phone numbers fraudulently registered under another person’s name.

Therefore, it is crucial to safeguard the security of one’s CSC, SIM card registered in one’s name, and accounts opened under one’s name. Additionally, it is important to note that reselling SIM cards or accounts registered in one’s name may lead to legal consequences if they are used in fraudulent activities by online scammers.

In case of online financial fraud, it is necessary to immediately report the incident to the relevant police station and the bank’s hotline. Given the relevance of this knowledge-sharing to the current situation, it has been reported that the Ministry of Legal Affairs plans to continue sharing legal awareness about online financial fraud not only with its remaining staff but also with officials and employees from various departments.