Zero Tolerance of Fraud at Standard Lesotho Bank

12 Nov 2018

Standard Lesotho Bank has discovered that there is a fraud scheme targeting some of our Clients’ accounts. Investigations are ongoing; however, it can be confirmed at this stage that there was a syndicate which involves some staff members and external people. We have been able to identify the said staff and law enforcement authorities have already arrested those alleged to have been involved in this fraud. Our business is built on a solid set of values and ethics and we do not tolerate any employee not acting in line with these.

All relevant stakeholders have been informed about the incident and have pledged to provide us their full support and cooperation during this time. We have put in place more stringent controls to manage any further fraudulent activities, not only on the said accounts but for all clients’.

We take this opportunity to reassure all our customers in the corporate and business sectors as well as in their personal banking capacities that the bank continues to provide all services as usual and maintain its payments and investment obligations, and continue to assure you that our business is based on sound fiduciary risk and business continuity principles.

Due to the exponential growth in fraudulent activities during this festive season, we advise all clients to be extra vigilant when making their transactions; whether online or otherwise. We also appeal to all our customers and the public at large to remain calm and alert the police if they have any information that can assist us in the investigation of this matter.


For more information, contact:

Makeabetsoe Mabaleha

Head of Marketing and Communications

Standard Lesotho Bank

Tel:2221 2299


Manyathela Kheleli

Marketing Manager- PR, Comms & Sponsorships

Standard Lesotho Bank

Tel: +266 2221 2254/58867995

[email protected]