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Tax Season Scam Surge Prompts Standard Bank to Issue Urgent Warning

Neelam Rahim | neelam@radioislam.co.za
3-minute read
04 July 2025 | 07:30 CAT

As tax season takes full swing, South Africans are being warned to brace themselves for an onslaught of scams targeting unsuspecting individuals and businesses. Advocate Athaly Khan, speaking to Radio Islam International on behalf of Standard Bank, says the increase in fraudulent activity at this time of year is no coincidence.

“Tax time gives scammers the perfect cover,” Khan explains. “People are expecting communication from SARS, and fraudsters use this to send fake messages that look so legitimate they can fool even the most tech-savvy professionals.”

From fake SARS letters to intimidating calls impersonating law enforcement, scam tactics are becoming increasingly sophisticated. Khan highlights the psychological manipulation involved: “They create fear and confusion to corner victims into making payments they otherwise wouldn’t.”

Digital fraud methods such as phishing, smishing, and now quishing are also on the rise. “Clicking a single link or scanning a QR code can give scammers full access to your device, including banking apps,” warns Khan.

Once a victim is compromised, the fallout can be severe. However, Khan stresses the importance of quick action: “Don’t panic, but act fast. Immediately report any suspected fraud to your bank so accounts can be frozen and investigations launched.”

Standard Bank offers several tools to help consumers verify communications and protect themselves. Their Account Verification Service (AVS) confirms legitimate beneficiaries before payments are made. In addition, their Beat the Scam platform provides real-time updates on emerging fraud tactics.

Khan also urges vigilance, especially around emails or messages requesting urgent payments or changes to banking details. “The bank will never ask you to transfer money. That’s the clearest red flag.”

SARS, too, has ramped up its digital services to reduce fraud vulnerabilities. From Mobi apps to secure appointment booking systems, taxpayers are encouraged to use official channels only.

In closing, Khan shares golden rules for staying safe:
“Always verify before paying. Never click on unknown links. Don’t give away passwords or sensitive information over calls or emails. When in doubt, call your bank.”

As the country’s business tax deadline looms, Standard Bank’s message is clear: stay informed, stay alert, and stay in control of your finances.

Listen to the full interview on The Daily Round-Up with Moulana Junaid Kharsany and Advocate Athaly Khan.

 

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