Fiji, April 24 -- The Nauru Financial Intelligence Unit (FIU) has issued a public alert warning residents of a fraudulent investment scheme operating in the country and across the region, urging people to stay vigilant against online scams.

In a public notice under the Anti-Money Laundering and Targeted Financial Sanctions Act 2023, the FIU said it is working with the Commonwealth Bank of Australia Nauru Agency to raise awareness.

"The Nauru Financial Intelligence Unit (NFIU) in collaboration with the Commonwealth Bank of Australia, (CBA) Nauru Agency wishes to advise all persons of the Republic that we all need to remain vigilant and beware of SCAMS including online scams."

The FIU said scammers are targeting vulnerable people and exp...