SERIES: TOP 5 SBLC SCAMS MOST PEOPLE DON’T REALIZE
In international trade, many people rely on documents…but fail to distinguish between what is real and what only looks real.
Here are 5 of the most common SBLC scams:
SCAM #1: SBLC VIA MT998
“They said the SBLC was sent… but it’s MT998?”
The Problem
MT998 is NOT a financial instrument
It is only a free-format bank message
It does NOT represent any payment guarantee
Many are misled because it comes through “SWIFT”
Fact, a genuine SBLC is issued via:
SWIFT MT760 only
Conclusion
MT998 ≠ SBLC
If it’s MT998 → reject immediately
SCAM #2: SBLC WITHOUT CIS
“The SBLC looks real… until the bank asks for CIS”
The Problem
No CIS (Corporate Information Sheet)
No proof of real ownership (UBO)
No traceable issuing source
The bank cannot verify it
Fact, CIS is essential for:
KYC / AML compliance
Bank-to-bank verification
SBLC activation
Conclusion
No CIS = No valid SBLC
SCAM #3: NON-BANK PROVIDER DISGUISED AS A BANK
“It sounds like a bank… but it’s not”
The Problem
Uses terms like “financial institution” or “funding house”
Not a licensed bank
No legitimate SWIFT issuing authority
Cannot issue a valid SBLC
Fact, only licensed banks can:
Issue SBLC
Send MT760
Be verified by another bank
Conclusion
Not a bank = High risk
SCAM #4: UPFRONT FEE REQUEST
“No SBLC yet… but payment is required”
The Problem
Requests upfront payment before verification
No bank confirmation
Often labeled as “processing fee”
High risk of financial loss
Fact, real transactions rely on:
bank-to-bank processes, not unsecured upfront payments
Conclusion
Never pay before proper bank verification
SCAM #5: SBLC LOOKS PERFECT BUT CANNOT BE VERIFIED
“Everything looks perfect… until the bank checks”
The Problem
MT760 appears valid
Documents look complete
Format looks professional
But:
Cannot be verified bank-to-bank
Not traceable in the banking system
Fact, in real trade:
Bank verification matters more than documents
Conclusion
If it cannot be verified, it does not exist
FINAL MESSAGE
“In SBLC transactions, what looks real is not enough…
only what can be verified by the bank is real.”
Want to avoid SBLC scams?
Always ensure:
Proper banking procedures
Genuine SWIFT transmission
Bank-to-bank verification
CONTACT US FOR ASSISTANCE:
WhatsApp:
IR. Zaki
http://www.wasap.my/60192297179/OilPetroleum
(Mr. Saif)
http://www.wasap.my/60105375779/OilPetroleum
(Ms. Nur)
http://www.wasap.my/601129291396/OilPetroleum
Email:
gngroup.sb@gmail.com
admin@gngroupsupplies.com
sales.gngroupsb@gmail.com
.
Website:
https://www.gngroupsupplies.com/
https://gngroupsupplies.blogspot.com/