AMBD Alert List updated

Autoriti Monetari Brunei Darussalam (AMBD) Alert List was updated yesterday, a release stated.

The AMBD Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the laws and regulations administered by AMBD or whose activities raise a suspicion of illegal financial activity.

The 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 November 2020 are Alex Loan (Facebook profile), Dana Hj Jasman, Easybook (B) Sdn Bhd/Easybook Coin (EBO), Fincorp @ Financial Corporation Ltd, High Liquidity Zone FX, Loan Settlement Brunei, Mohamed Ansari Mohamed Musthafa, Rezky Eshoppe (Facebook profile) and Team Dinamika / Eco Racing Technology Sdn Bhd. Visit www.ambd.gov.bn to access the Alert List as well as the list of people and institutions licensed by AMBD.

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 include money changers, money remittance and money lenders. For involvement in dealing with an unlicensed or unregulated company or individual, the public may not have the protection afforded under the regulatory framework administered by AMBD.

The public with information on unlicensed financial activities can contact AMBD at 2380007 or e-mail [email protected]