The authorities have made it clear that they will be keeping a close watch on social media and other platforms that facilitate donations, to prevent misrepresentation of claims or monies being used.
This comes at a time when individual appeals online – especially those with heart-rending circumstances presented through compelling narratives – have managed to garner six-figure sums in donations.
Recently, single mother Vivian Pan made an appeal on her Facebook page to raise money for another single mother, who was diagnosed with stage 2 cervical cancer. Ms Pan is now being investigated by both the Office of the Commissioner of Charities (COC) and the police.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.