Fraud Alerts

Investment Scams and Fraudulent Representations That Misuse Our Name

Frequently Asked Questions

1. Should individuals and businesses look out for fraudulent investment and other scams that misuse other businesses’ information related to The global Business Alliance Platform’s name and website?

 Yes, individuals and businesses have the right to take care of themselves and others around them not to fall victim to any investment scams, known as “Advance Fee Fraud” schemes or other services that use The global Business Alliance Platform name and website to seek fund raising activities. Some of these schemes and fundraising activities misuse our name or falsely claim to be affiliated with The global Business Alliance Platform.

2. What forms do these fraudulent schemes or fundraising activities take?

There are increased use of sophisticated forms and letterhead to send what appears to be legitimate business entity correspondence that provides solution to victim based on a fabricated issue purposely sent to the victim’s email address or phone short messages. Scam artists sometimes falsely represent themselves as business owners linked with reputable Bank or auditors or advisory members of the board of trustees.

Typically, the solicitations asked potential victims to provide personal information such as signatures or bank account information, and to pay certain advance fees, often described as “processing fees.” In return, the potential victims were promised sums of money that can be capitalised for their business purpose that the person soliciting the “fees” had no intention of paying. In some cases, those who are seeking the funds used the names of actual business and/or The global Business Alliance Platform staff members to sign the letters in order to bolster their credibility.

There are things which you need to know as follows;

The global Business Alliance Platform does NOT send any emails or short text messages related to updates or business opportunities through mobile apps to reach out to the public BUT rather use its website (https://www.theglobalbap.org) to publish them to the public.

The global Business Alliance Platform does NOT produce any business letterhead for correspondence purpose BUT only use direct email with QR code which literally linked to the authorities for authentication and verification process with the bank and financial institutions or for any enquiries related to fraud or for clarification purpose.

The global Business Alliance Platform does NOT provide any representations EXCEPT for the Regional Secretariat for The global Business Alliance Platform – Asia and East Asia to handle all communications which will be directed to Approved Liaison Individuals who are responsible to take necessary actions in respect to any arrangements with the bank and financial institutions or the authorities in which requires further attestation or approval. The global Business Alliance Platform does NOT provide individuals to provide any marketing activities or personal advisory or coaching or other means that reflect seeking payment or associate with any kind of religious prayers to seek in kind payment associated with the Platform.

3. What should you do if you receive suspicious notifications through faxes, emails, or other correspondence involving requests for payments?

If you receive what seems to be an unusual money request from person(s) representing The global Business Alliance Platform or its Approved Liaison Individuals who does not has any identification or any actual involvement, do NOT respond to the request and do NOT send any money or provide any form of assistance that can lead to your personal bank account details. 

If you would like to verify whether any particular individual is associated with The global Business Alliance Platform as Approved Liaison Individual, please contact the Regional Secretariat for The global Business Alliance Platform – Asia and East Asia through this email: gbapaea@theglobalbap.org and a Compliance Team will provide you with the individual’s verification ID and authority as part of the verification process. The global Business Alliance Platform does not carry out investigation on the type of scams. If you feel you have been the victim of such a scam you should contact local law enforcement authorities.

4. Fraudulent job postings and offers: What should you do if you receive a suspicious notification about a job posting or offer from The global Business Alliance Platform asking you to send money as part of the recruitment process?

There are many schemes involving fraudulent job postings offerings purporting to be from or associated with The global Business Alliance Platform. The scheme is used to falsely obtain money and/or personal information.

The global Business Alliance Platform does NOT request any amount of money as part of its recruitment process. All recruitment postings are available on the website and any recruitments will be done by the business entities themselves.

If you believe that you are a potential victim of a fraudulent job offer, please forward any related information you have received to: fraudreport.gbapaea@theglobalbap.org.