ACE Money Transfer - Blog

Send money to Zambia online through ACE Money Transfer

How Can Zambian Expats Protect Their Finances from Fraud When Living in Italy?

15 Feb 2024

For Zambians stepping into expatriate life, Italy presents an exciting journey, rich in cultural experiences, stunning scenery, and dynamic urban life. This Italian expedition promises a world of discovery and excitement for those seeking to explore new frontiers. However, staying vigilant against financial fraud is important, especially when it comes to managing your hard-earned money. 

Fear not, Zambians! This comprehensive guide delves into the intricacies of the Italian financial landscape, equipping you with essential strategies to protect your finances from fraudulent activities. It will further guide you regarding the best way to send money to Zambia from Italy.

Understanding the Terrain of Fraud

Some insights from recent years paint a picture of online scams in Italy. In 2022, a staggering 24 million Italians, nearly half the population, fell victim to at least one attempted online scam. This translates to around 68,000 attempts every single day. Phishing emails topped the list, followed by online shopping scams and fake investment schemes. The financial losses from these scams amounted to a whopping €23.5 billion, highlighting the severity of the issue. 

Banking System   

Familiarize yourself with the Italian banking system, including different account types, fees, and transaction procedures. Consider opening a local bank account for daily transactions and avoid relying solely on foreign cards, which might incur higher fees or attract unwanted attention. 

Online Banking and Payments   

Embrace the convenience of online banking and cashless payments many Italian businesses offer. However, remain vigilant, avoid public Wi-Fi for financial transactions and prioritize strong passwords and multi-factor authentication for added security. 

Scams Targeting Newcomers

Fraudsters often exploit the unfamiliarity of newcomers. Be wary of unsolicited offers, especially investment schemes and high-yielding financial products promising quick returns. Remember, “if it sounds too good to be true, it’s probably not.” 

Phishing and Online Threats

Emails, texts, or phone calls mimicking legitimate institutions like banks or government agencies can be used to steal your personal information. Never share sensitive data like passwords or PINs over unverified channels. 

Card Skimming and ATM Fraud  

Be cautious while using debit or credit cards, especially at unattended ATMs. Opt for chip-and-PIN transactions whenever possible and report any suspicious activity promptly. Keep your debit and credit cards secure, memorize PINs, and report any lost or stolen cards immediately. 

Identity Theft

Safeguarding your personal information is crucial, especially in today’s digital age. It's wise to carry only essential documents with you, minimizing the risk of losing important information. When disposing of sensitive documents, always shred them to prevent them from falling into the wrong hands. 

Fortifying Your Financial Defenses

In today's digital age, the threat of online scams is a pressing concern, especially when managing financial transactions across borders. Let's delve into practical strategies to safeguard your finances against these digital pitfalls. 

Research and Choose Reputable Service Providers

Stick to well-established banks and money transfer services like ACE Money Transfer with proven security and reliability track records. Don't be lured by unfamiliar or suspiciously low-cost options, and send money online to Zambia from Italy with ACE's trusted service. 

Embrace Strong Passwords and Secure Authentication

Use complex passwords with letters, numbers, and special characters. Enable two-factor authentication (2FA) whenever available to add an extra layer of security. 

Monitor Your Accounts Regularly

Regularly check your bank statements and online accounts for any unauthorized transactions. Report any suspicious activity immediately to your bank or financial service provider. 

Invest in Security Software

Protect your devices with reputable antivirus and anti-malware software. Be cautious about downloading applications from unknown sources and avoid using public Wi-Fi for sensitive transactions. 

Local Support

Build a network of trusted contacts in Italy, including friends, colleagues, and local authorities. Seek their advice and assistance when navigating unfamiliar situations or financial matters. 

Travel Insurance  

Consider investing in travel insurance with comprehensive coverage for medical emergencies, lost luggage, and financial fraud. This provides peace of mind and financial protection during your time in Italy.  

Staying Connected Across Borders   

If you want to stay protected from online scams, below are the best practices to stay connected to loved ones in Zambia. 

Maintaining Financial Ties with Zambia

Money transfer from Italy to Zambia remains important for many expats. Consider reliable and secure money transfer services like ACE Money Transfer, which have competitive exchange rates and transparent fees. This ensures your hard-earned money reaches your loved ones safely and efficiently.   


Staying Informed and Updated   

Keep yourself updated about common scams and emerging fraud tactics in Italy. Follow official sources like the Italian police website and your bank's security advisories. Remember, knowledge is power in the fight against financial crime. 

Pro Tip

Don't forget that the recently updated ACE app offers advanced security features and user-friendly tools to manage your finances on the go. 

Download the app today and experience the ease and security of sending money back to Zambia while enjoying Italy's vibrant life!   

Way Forward, Staying Vigilant, Living Securely

Living in Italy as a Zambian expat presents unique challenges and opportunities, especially regarding safeguarding your finances. 

You can navigate the Italian financial landscape with confidence and peace by understanding the common threats, implementing preventive measures, and choosing trusted partners like ACE Money Transfer for online money transfer from Italy to Zambia 

Remember, vigilance is key to protecting your hard-earned money and ensuring a secure and fulfilling expat experience in Italy.   


What are some common types of financial scams expats should be cautious of in Italy?

Expats in Italy should be wary of phishing emails, online shopping scams, and fake investment schemes, which are some of the common online scams. It's crucial to stay informed and vigilant against these threats. 

How can I protect my financial information while using online banking in Italy?

To protect your financial information, avoid using public Wi-Fi for financial transactions, use strong passwords, and enable two-factor authentication (2FA) whenever available. These measures enhance online security.     

How should expats safeguard their debit and credit cards from fraud in Italy?

Expats should exercise caution when using debit or credit cards, especially at unattended ATMs. Opt for chip-and-PIN transactions, report any suspicious activity promptly, and keep cards secure to prevent card skimming and ATM fraud. 

How can I stay connected with loved ones in Zambia while living in Italy?

To stay connected, consider reliable money transfer services like ACE Money Transfer for sending money to Zambia from Italy. Keep yourself updated about common scams and fraud tactics in Italy to protect your finances. 

What security measures can expats take to protect their devices and personal information in Italy?

Expats can invest in reputable antivirus and anti-malware software to protect their devices. To safeguard their personal information, they should avoid downloading applications from unknown sources and refrain from using public Wi-Fi for sensitive transactions. 


Italian Police Website: 

Bank of Zambia: 

Osservatorio Cybercriminalità di Confindustria: 

AGCOM: The Italian Communications Authority (Autorità per le Garanzie nelle Comunicazioni) 

Business & Finance

Top 5 Places Every Gambian Must Visit Italy
Remittances to Nigeria from Germany Made Simpler
  • Categories
  • Country