Brunei Darussalam Central Bank (BDCB) has updated its Alert List – individuals, companies and websites that are neither authorised nor approved under laws and regulations administered by BDCB or whose activities raise suspicions of illegal financial activity. The list is without prejudice to any further assessment by BDCB regarding the activities of the companies concerned.
Individuals, companies or entities included in the Alert List for August are:
i) AL-Agency Pelaburan
ii) Amirul/Al Quantitative Robot Trading/Legend Business Sparkly/+60173035468/MTC Asset Management (allegedly misusing ‘MTC Asset Management (M) Sdn Bhd’);
iii) bdreliable_invest (Instagram profile);
iv) Fira Firamidah (Facebook profile) (8655490);
v) Inter-Pacific Securities Sdn Bhd (allegedly misusing ‘Inter-Pacific Securities Sdn Bhd’);
vi) Ismail Abdul Al-mana (FB profile) (8663837);
vii) Pinjaman Syariah Trusted (7367866)/ Loan Syariah Brunei;
viii) Royal Investment Consortium;
ix) VvipBnTrade (FB profile); and
x) 7257988/Pg Damit/FB profiles – Nur Faizzah binti Nawang/Jamil Hamidon/Adi Prasetyo/Baiduri Assistant.
The BDCB Alert List can be found 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 may visit the BDCB website at www.bdcb.gov.bn or BDCB’s Instagram @centralbank.brunei for information on the dangers of unlicenced financial entities as well as on how to identify financial scams.
The public can contact BDCB at 2380007 or 8380007 or email via fci@bdcb.gov.bn for information on unlicenced financial activities.
