27/03/2026
Mataala lava ina nei toe faaseseina foi le aufaipisinisi i le sese na faia i le One Coin ma le Bit Coin. E tāua le malamalama, o loo avanoa foi Matagaluega a le Malo e fesili iai mo se faamaninoga. Teu malu au seleni aua le faamaumauina i faiga faatogafiti o loo agai mai.
Central Bank of Samoa – Public Advisory on Cryptocurrency Investment Scam “BG
Wealth”
(Press release) The Central Bank of Samoa (CBS) wishes to alert the public to an online investment
scheme known as BG Wealth, which has been widely promoted across social media
platforms. This scheme encourages individuals to attend investment presentations and
join online groups under slogans such as “Join the Crypto Revolution.”
BG Wealth Sharing claims to provide guidance on cryptocurrency trading, daily profit
opportunities, and financial growth. However, the Samoa Financial Intelligence Unit
(SFIU) of the CBS emphasizes that this scheme is not regulated in Samoa, and
cryptocurrency or virtual asset schemes are not legal tender. Promotions that promise
high or guaranteed returns are misleading and carry significant risks.
Authorities in Tonga and New Zealand are also investigating similar fraudulent activities.
The National Reserve Bank of Tonga has issued a warning that BG Wealth Sharing is
impersonating legitimate trading platforms to deceive individuals, including members of
the Tongan diaspora abroad.
The SFIU has issued an alert to all financial institutions (banks and money transfer
operators) to report any related information regarding this scam. All relevant information
will be assessed and forwarded to the Samoa Police Service and the Ministry of
Commerce, Industry and Labour for investigation under the Crimes Act 2013 and the
Consumer Protection Act 2016.
The SFIU will continue to monitor BG Wealth and related promotional activity. Updates
will be provided to strengthen public awareness of unregulated or high-risk financial
schemes. We will also work with Law enforcement to ensure compliance with Samoa’s
laws.
Under the Money Laundering Prevention Act 2007, promoters of virtual currency must
first obtain Central Bank approval before carrying out any promotion.
▪ These are risks of Cryptocurrency Scams:
• No legal protections: Cryptocurrency payments are not covered by consumer
safeguards.
• Irreversible transactions: Once money is sent, it cannot be recovered.
• Fake profits: Scammers often show fake account statements or screenshots to
lure victims.
• Pressure tactics: Victims are urged to invest more after being shown false
profits.
• Withdrawal issues: Attempts to withdraw funds are blocked, with scammers
demanding extra “fees” or “taxes” that never result in actual payouts.
▪ Protect Your Savings
The CBS strongly advises the public to:
• Verify whether any investment business is licensed before participating.
• Request clear written information and avoid relying on testimonials or
screenshots.
• Never send money to individuals met only online.
• Seek advice from a bank or trusted financial professional before investing.
The CBS reminds the public to remain vigilant against scams. Participation in
unregulated schemes places you at serious risk of losing your hard-earned money.
Also attached are links to press release issued by Tongan and New Zealand authorities
regarding this Scheme.
https://www.reservebank.to/index.php/news/press-release-cryptocurrency-investment-scam
https://www.fma.govt.nz/news/all-releases/media-releases/scam-targeting-tonga-and-nz/