Autoriti Monetari Brunei Darussalam (AMBD) informed the public that the AMBD Alert List was updated 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 a suspicion of illegal financial activity. This list is without prejudice to any further assessment by AMBD regarding the activities of the companies concerned.
The individuals, companies or entities included in the Alert List for September 2020 are Aximtrade Localdepositor Brunei on Facebook, Love Veena on Facebook and Sulaimanmhd2 on Instagram.
To access the Alert List as well as the list of people and institutions licensed by AMBD, visit www.ambd.gov.bn.
AMBD reminded the public to not deal with any entities or individuals carrying out or offering unlicensed financial services or may be perceived as get-rich-quick schemes or pyramid schemes. Among the products and services that must be licensed by AMBD includes money changer, money remittance and money lenders. For any involvement 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.
If members of the public have any information on unlicensed financial activities, contact AMBD at 2380007 or e-mail [email protected]