Yemen Monitor / Newsroom:
Police in the Shahan district of Al-Mahrah Governorate (eastern Yemen) have arrested a suspect for committing financial fraud and scams using “cancellable fake remittances,” exploiting a technical loophole in an exchange application.
A security source told the official Yemen News Agency that the suspect would create fake transfers in the victims’ names via the app. This triggered SMS notifications to the victims informing them of an incoming transfer, prompting them to hand over cash or goods. The suspect would then cancel the transfer before the official collection procedures were completed and flee.
The source noted that security forces took action after receiving several reports. The suspect was tracked, identified, and arrested, and legal procedures are being taken against him.
The source urged citizens, money changers, and shop owners to exercise extreme caution and not to hand over any funds or goods until the transfer is verified through the official system, rather than relying solely on SMS messages as proof of transfer.
