Five individuals, companies or entities have been included in the alert list for June 2022, the Brunei Darussalam Central Bank (BDCB) stated yesterday.
They are: Dysfundtional.bn (Instagram profile); Loan Brunei Darussalam (Instagram profile), Quick Loans, loan_online_bruneidarussalam, gruploanbrunel or loanbrunei (7261187); Mia Mudah (Facebook profile), MIALOAN; Ministry Personal Loan Brunei Darussalam (Facebook profile) or Ministry Loan Brunei (Instagram profile) (7238656); and 8141439.
The BDCB Alert List comprises individuals, companies and websites that are neither authorised nor approved under laws and regulations administered by BDCB, or whose activities raise suspicion of illegal financial activities.
The list is without prejudice to any further assessment by BDCB regarding the activities of the companies concerned. The alert list is available on the BDCB website.
BDCB reminded the public to only deal with financial institutions licensed by BDCB, and to avoid any unlicensed entities or individuals carrying out or offering financial services, especially those with characteristics of get-rich-quick or pyramid schemes.
Among the financial products and services that must be licensed by BDCB include money changer, money remittance and money lending. The public is reminded that they may not have the protection provided under BDCB’s regulatory framework should they choose to deal with entities, companies or individuals which are unlicensed or unregulated.
The public can visit the BDCB website at www.bdcb.gov.bn or follow BDCB’s Instagram @centralbank.brunel for information on the dangers of unlicensed financial entities as well as on how to identify financial scams.
BDCB will continue to monitor suspicious or unlicensed financial activities in the Sultanate.
The public with information on unlicensed financial activities can contact BDCB at 2380007 or 8380007 or email to firstname.lastname@example.org.