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 exploiting trust for financial gain.
“Scammers take the opportunity without any fear to exploit innocent and unsuspecting persons including those who place their trust in them. They will take this opportunity for their own financial gain, in particular from the elderly citizens of Nauru who may be less literate over others. Everyone must exercise vigilance when using their bank accounts, internet payments or social media to avoid becoming victims of these scams and the scammers.”
The warning specifically names a fraudulent investment scheme involving DSJ Exchange and BG Wealth Sharing.
“The NFIU, established under the Anti-Money Laundering and Counter-Terrorism Financing Act 2023, wishes to alert the public of Nauru of a fraudulent investment scheme currently circulating in Nauru as well as other countries.”
“DSJ Exchange (also known as ‘DSJEX”) and its associated entity BG Wealth Sharing LTD are purporting to offer lucrative investment opportunities in cryptocurrency trading. These entities are not licensed or registered with any financial regulatory authority including the Command Ridge Virtual Assets Authority (CRVAA) in Nauru or any other jurisdiction.”
Authorities say the scam is being pushed through social media platforms.
“Members of the public are recruited through social media platforms including WhatsApp, Telegram, Viber and BonChat into private investment groups. Participants are promised guaranteed returns of up to 100 percent and encouraged to recruit family and friends.”
The FIU outlined how victims are drawn in and then exploited.
“Once recruited, victims are instructed to:
1. Open a cryptocurrency exchange account and deposit funds from their bank account;
2. Transfer cryptocurrency into a fake trading application controlled by the scammers; and
3. Follow daily “trading signals” provided by the scheme’s operators.”
“The application contains malware, creating further risk of financial and personal data theft. Early participants may be permitted to make small withdrawals to build trust. However, when larger withdrawals are attempted, victims are told to pay additional fees do not result in the release of funds. Once recruitment slows, all users are locked out of their accounts and the operators disappear.”
The FIU said the scheme has already triggered warnings in multiple countries.
“DSJ Exchange and BG Wealth Sharing have been the subject of fraud warnings from financial regulators in the following jurisdictions:
• New Zealand — Financial Markets Authority (FMA), 10 February 2026
• Tonga — National Reserve Bank of Tonga, 10 February 2026
• Canada — Alberta Securities Commission, February 2026
• United States — Washington State Department of Financial Institutions, 10 April 2026
• The Bahamas — Central Bank of The Bahamas, 2 April 2026
• Australia, United Kingdom, Philippines, Samoa, Saskatchewan — various regulatory bodies”
“The FMA’s warning currently lists 813 websites and 30 entities linked to this scam.”
The FIU also listed clear warning signs for the public.
“The public is advised that the following are indicators of a fraudulent investment scheme:
• Promises of guaranteed or unrealistic returns (e.g. “zero-risk”, “double your money in 60 days”);
• Recruitment of new investors as a condition of earning returns;
• Communication exclusively through encrypted messaging applications rather than professional channels;
• Requests to transfer funds into unregulated cryptocurrency platforms;
• Inability to withdraw invested funds without paying additional “fees” or “taxes”; and
• Claims of registration with the US Securities and Exchange Commission (SEC) which have been confirmed as false.”
Residents are being told not to engage with the scheme.
“The NFIU strongly advises all residents of Nauru as follows:
1. Do not invest in DSJ Exchange, BG Wealth Sharing, or any associated platform;
2. Do not download the DSJ Exchange or BG Wealth Sharing application;
3. Do not recruit family members or friends into the scheme;
4. Report any suspicious investment activity to the Nauru Financial Intelligence Unit; and
5. Seek independent financial advice before making any investment decisions.”
The FIU said anyone already involved should act immediately.
“Any person who has already invested funds should cease all further payments immediately and report the matter to the NFIU. Where a person has become a victim of a scam, he or she must immediately contact the FIU. NFIU will conduct necessary due diligence and this will include engaging with their domestic or foreign counterparts in attempting to recover the disbursed funds.”
It also warned against responding to suspicious messages.
“Furthermore, you must not respond to any unsolicited emails, social media requests, do not click on any links, do not to open files and emails or share bank account details if they are suspicious or you do not know the source of such emails and links.”.
The notice was issued on 22 April 2026 and signed by Supervisor Rajas Swamy, with the FIU urging the public to report any suspicious activity as authorities step up efforts to stop the spread of the scam.
