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Content summary
This letter is ostensibly a notice from "ASX 200" informing about the account withdrawal process. The letter mentions:
A fixed 8% commission (based on the total account balance) is required to cover bank and processing fees.
The commission must be paid separately and cannot be deducted from the account balance.
The withdrawal amount is **$7,795,791.82**, and the commission is approximately **$623,663.34**.
It emphasizes compliance and cites FSMA 2000, CASS, and Anti-Money Laundering Regulations (AML).
Is it a fraud?
This letter has the following fraud characteristics:
High commission: 8% high commission is required, which is paid separately rather than deducted from the account balance.
No official verification channel: There is no specific contact person or official contact information in the letter for confirmation.
Non-compliant requirements: Formal institutions usually deduct fees directly from the account balance instead of requiring payment in advance.
Ambiguous information: Although the letter quotes legal provisions, it does not provide clear proof of company authorization.
Educational information
Beware of high withdrawal commission scams!
Recently, some criminals have impersonated financial institutions, using high account balances as bait, and requiring "commissions" to be paid in advance to withdraw funds. This method usually involves:
Require fees to be paid separately instead of directly deducted from the account.
Quote legal terms and compliance content to increase credibility.
Provide vague or falsified transaction details that cannot be verified for authenticity.
How to prevent it?
Never pay fees in advance to withdraw funds.
Verify the authenticity of the institution and confirm through the official website or official phone contact.
Be wary of high returns or withdrawal requests and consult more professionals.
If you encounter similar situations, report to the police or relevant financial regulators immediately. Protect your funds!