Navigating MT760/MT799 Fraud: Understanding and Recovery

MT760 and MT799 are SWIFT message types primarily used in international banking for the issuance of financial instruments like Bank Guarantees (MT760) and for free format messages between banks (MT799). These messages are typically used for high-value transactions and involve deep trust and verification between established financial institutions. Unfortunately, the complexity and high stakes associated with these messages make them a target for sophisticated fraudsters who create fake MT760 or MT799 messages to deceive individuals or companies into believing they have access to large sums of money or financial instruments. These scams often lead to significant financial losses as victims are tricked into paying upfront fees for non-existent guarantees or credits.

At Jekebbi Limited, we specialize in providing expert assistance for victims of MT760/MT799 fraud. Our team comprises financial fraud investigators, legal experts with a deep understanding of international banking regulations, and cybersecurity specialists. We are committed to helping you untangle the intricate web of these frauds and work towards recovering your lost funds.

Understanding the nature of MT760/MT799 scams is crucial for prevention and recovery:

• Fictitious Financial Instruments: Scammers often claim to provide genuine Bank Guarantees (MT760) or Proof of Funds (MT799) for loans, projects, or investments, which are entirely fabricated.
• Advance Fee Requirement: Victims are pressured to pay substantial upfront fees (e.g., "due diligence fees," "transfer fees," "commissions," or "legal costs") to secure these non-existent instruments.
• Impersonation and Forgery: Fraudsters frequently impersonate high-ranking bank officials or legitimate financial facilitators and use expertly forged documents to convince victims of the authenticity of their claims.
• Complex Jargon and Promises: They use complex financial terminology and promise unrealistically high returns or access to large capital, often targeting individuals or businesses in urgent need of funding.
• Lack of Due Diligence: The schemes often bypass standard banking protocols, urging victims to engage directly with individuals rather than through official bank channels.

If you have been caught in an MT760/MT799 scam, immediate action is critical. Collect all relevant documentation, including:

• All communications (emails, letters, chat logs, call details) with the fraudsters.
• Copies of any forged MT760/MT799 messages or other financial documents provided.
• Records of all payments made, including bank transfer details.
• Names and details of any individuals or entities involved.

Our recovery process for MT760/MT799 fraud victims involves:

• Forensic Financial Analysis: Tracing the money trail through complex international banking systems to identify where funds were sent and by whom.
• Collaboration with Financial Institutions: Working closely with your bank and other involved banks to flag fraudulent transactions and explore options for fund freezes or reversals.
• International Legal & Regulatory Action: Leveraging our global network of legal professionals to pursue legal action against perpetrators and assisting with filing complaints with relevant financial regulatory bodies and law enforcement agencies worldwide.
• Evidence Gathering and Case Building: Compiling a robust case file with irrefutable evidence to support recovery efforts.
• Preventative Guidance: Providing advice on how to verify financial instruments and conduct due diligence to avoid similar scams in the future.

Recovering from MT760/MT799 fraud can be a long and challenging process, but with the right expertise and timely intervention, successful outcomes are possible. Jekebbi Limited is dedicated to providing you with the professional support and strategic guidance needed to navigate this complex landscape and strive for the recovery of your assets. Contact us for a confidential consultation to begin your recovery journey.