Koreans warned of currency scam

QUEENSLAND police are warning the public of a currency exchange scam targeting members of the Korean community.

Police have received complaints from Koreans, particularly international students and visitors on working holiday visas.

Acting Detective Superintendent Mark Ainsworth of the State Crime Operations Command Organised Crime Group warned the public to be careful when making banking transactions.

“The scam involves a currency exchange service which is offered via the internet through Korean-based websites and other community media,” he said.

The currency exchange is offered as risk-free with promises money to be exchanged will be deposited into the victim’s account prior to the victim being required to transfer funds out of their account.

Once the victim’s funds have been electronically transferred into the offender’s account, the initial deposit (made mostly by cheque and now sitting in the victim’s account) will be dishonoured or withdrawn.

If you know of anyone involved in fraud involving dishonoured or cancelled cheques contact your local police station, Asian Specialist Unit on 3364 6528 or Crime Stoppers on 1800 333 000.

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