According to the National Anti-Scam Centre, last year criminals stole more than $40 million in fake investments from people in Australia through dating websites and social media1.
Jessica Power, Head of Wealth and Personal Banking, said “There are a number of red flags that people should look out for when looking for love online. Customers should familiarise themselves with these red flags to make sure that unscrupulous scammers don’t steal their heart or their hard-earned cash.”
Below is a list of red flags to be aware of this Valentine’s Day.
HSBC Australia
In Australia, the HSBC Group offers an extensive range of financial services through a network of 29 branches and offices. These services include retail and commercial banking, trade finance, treasury and financial markets, payments and cash management and securities custody. Principal HSBC Group members operating in Australia include HSBC Bank Australia Limited (ABN 48 006 434 162 AFSL/Australian Credit Licence 232595) and The Hongkong and Shanghai Banking Corporation Limited (ABN 65 117 925 970 and AFSL 301737).
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of $3,021bn at 30 September 2023, HSBC is one of the world’s largest banking and financial services organisations.
1Scam alert: Online dating and investment scams, February 2024
Jacqui Coleman
M: +61 409 171 004
E-mail: jacqui.coleman@hsbc.com.au