The St. Kitts and Nevis Financial Intelligence Unit (SKNFIU) and the Financial Services Regulatory Commission (FSRC), issued a media advisory on Thursday April 3^rd following fake Government investment opportunities.

The VONNEWSLINE has seen the advertisements and one of them which the SKNFIU alluded to, states that: “government investment platform guarantees an income of 2700 xcd per week, invest 700 xcd today and receive your first payout into your bank account tomorrow.”

As such, in the advisory, the Financial Intelligence Unit and the Financial Services Regulatory Commission informed the public of “false advertisements on social media platforms which are claiming that the Government of St. Kitts and Nevis is offering investment opportunities to include monetary payouts via bank accounts.”

“The above false advertisement is purporting to be a government investment platform guaranteeing $2,700 weekly, activated by an initial investment of $700”, the advisory added.

However, “the Government of St. Kitts and Nevis has not authorized or publicized any such initiative. Persons should be aware of these scams and should not make any payments or provide personal banking information”, SKNFIU and FSRC said. Persons are urged to exercise vigilance and caution when considering investment opportunities.