AMBD cautions public on misuse of name, logo

Azlan Othman

Autoriti Monetari Brunei Darussalam (AMBD) is advising the public to be vigilant when receiving communication materials purportedly approved by AMBD through the illegal use of its name, symbol, design or representation, in requesting for payments or personal details.

The advice came following the appearance of a letter bearing the name and logo of AMBD which went viral in social media recently.

AMBD in a statement yesterday clarified the letter is not authentic.

It said that any person who uses AMBD’s name, symbol, design or representation without its written permission or uses a name, symbol, design or representation identical or resembles AMBD’s name, symbol, design or representation thereof as to deceive or cause confusion or to be likely to deceive or cause confusion, is committing an offence under Section 74A of the Autoriti Monetari Brunei Darussalam Order, 2010, which carries a penalty of a fine not exceeding BND20,000 or imprisonment for a term not exceeding seven years, or both.

AMBD also warned that any person who, whether orally or in writing or by any other means, spreads false reports or makes false statements likely to cause public alarm or despondency, is committing an offence under Section 34 of the Public Order Act, Chapter 148, which carries a penalty of a fine of BND3,000 or imprisonment for three years.

Those receiving letters from AMBD that are believed to be false may contact AMBD at 2388388 or email [email protected]