22.5 C
Brunei
Tuesday, November 29, 2022
22.5 C
Brunei
Tuesday, November 29, 2022
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    BDCB issues warning

    Brunei Darussalam Central Bank (BDCB) yesterday said it is aware of individuals allegedly claiming to be associated with the central bank and misusing its name and logo for business transactions involving purchases of old coins.

    In a statement, BDCB warned that any person who uses the central bank’s name, symbol, design or representation without its written permission or uses a name, symbol, design or representation identical or resembles BDCB’s name, symbol, design or representation with the intentions of deceiving or to cause confusion or to deceive or cause confusion, is committing an offence under Section 74A of the Brunei Darussalam Central Bank Order, 2010, which carries a penalty of a fine not exceeding BND20,000 or imprisonment for a term not exceeding seven years, or both.

    BDCB advised the public to stay vigilant and wary when receiving communication materials purporting to be linked to the central bank through the illegal use of BDCB’s name, symbol, design or representation, requesting for payments or personal details. If the public receive a text message claiming to be from the central bank which is believed to be false, they may contact BDCB at 8318388 or e-mail to info@bdcb.gov.bn.

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