Autoriti Monetari Brunei Darussalam (AMBD) announced that the AMBD Alert List has been updated. Entities included in the Alert List for July 2020 are Akim (8645376) / Loan Barang Ambil Cash Brunei (FB Profile); Hector Trade; Lockdown20; Siti Amanina Awang (8320568) and Rejeki BN (FB Profile).
The AMBD Alert List comprises individuals, companies and websites which are neither authorised nor approved under laws and regulations administered by AMBD or whose activities raise suspicion of illegal financial activity. The list is without prejudice to any further assessment by AMBD regarding the activities of the companies concerned.
AMBD reminded the public to not deal with any entities or individuals carrying out or offering unlicenced financial services or may be perceived as get-rich-quick schemes or pyramid schemes.
Among the products and services that must be licenced by AMBD include money changers, money remittance and money lenders. For any involvement in dealing with an unlicenced or unregulated company or individual, members of the public may not have the protection afforded under the regulatory framework administered by AMBD.
AMBD remains committed to the financial stability of Brunei Darussalam and to safeguarding the country’s financial system and the interests of financial consumers. AMBD will also continue to actively monitor any suspicious or unlicenced financial activities.
The public can submit any information on unlicenced financial activities to 2380007 or email [email protected]