The Autoriti Monetari Brunei Darussalam (AMBD) Alert List was updated with 12 new entities, AMBD stated in a release yesterday.
The AMBD Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD, or whose activities raise suspicion of illegal financial activity. This list is without prejudice to any further assessment by AMBD, regarding the activities of the companies concerned.
The entities that have been included in the AMBD Alert List for December 2019 are AMillennium Holdings Sdn Bhd/Joint Venture (AMillennium Hotels)/Joint Venture (Automotive Solutions); Andy Ong (Facebook Profile); Astro Maybank (Facebook Profile); Bluebirdbn.Home (IG Profile); Brunei Crypto; Crypto Mania Club (CMC) Brunei; LiteFinance Brunei; Lynn Dyana (Facebook Profile); and Nurul Nooralifah (7146977). Others on the list include TAG Marketing/Triple A Group Marketing/International Consumer Entrepreneurship (ICE)/TAG Mart; Zuan Zymah (Facebook Profile); and 8124773.
AMBD also warned the public not to deal with any entities or individuals carrying out or offering financial services such as money-changing, money remittance and money-lending without a licence, or any activities that raise a suspicion of illegal financial activity that may breach the relevant laws under AMBD.
In dealing with an unlicensed or unregulated company or individual, members of the public may not have the protection afforded under the regulatory framework administered by AMBD.
To access the Alert List, as well as the list of persons and institutions licensed by AMBD, visit the AMBD website at http://www.ambd.gov.bn. Contact AMBD at 2380007 or email [email protected] to report on unlicensed financial activities.