Brunei Darussalam Central Bank (BDCB) yesterday informed the public that the BDCB Alert List has been updated.
The BDCB Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BDCB or whose activities raise a suspicion of illegal financial activity. This list is without prejudice to any further assessment by BDCB regarding the activities of the companies concerned.
The individuals, companies or entities added to the alert list for July are: Fxpro_bn, fxprobn, realfxpro_bn and uswatunhasana_h on Instagram with the contact number 8369946; Investment Amanah on Facebook; Layanan_invest on Instagram as well as layanan_clever_pips and Vip_globaltrade on Facebook; Layanan Investment Brunei on Instagram; and Public Loan Brunei on Instagram operating under the name Public Loan of Brunei Darussalam.
The BDCB Alert List can be found on the BDCB website.
BDCB reminded the public to only deal with financial institutions licensed by the central bank 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 are 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 may visit the BDCB website at www.bdcb.gov.bn for more information on the dangers of unlicensed financial entities as well as on how to identify financial scams.
If the public have any information on unlicensed financial activities, contact BDCB at 2380007 or 8380007 or e-mail to email@example.com.