The Brunei Darussalam Central Bank (BDCB) yesterday released an updated BDCB Alert List comprising individuals, companies and websites neither authorised nor approved by the central bank or whose activities raise a suspicion of illegal financial activities.
The addition to the updated alert list is Uzi Marketing Distribution Network / Uzigold Marketing Distribution Network Brunei Darussalam (FB profile) / Uzigoldbrunei_official (IG profile) / 8277799.
The BDCB also reminded the public to deal only with licensed financial institutions 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 the BDCB include money changer, money remittance and money lending, it said in a statement.
The public is reminded they may not have the protection provided under the BDCB’s regulatory framework, should they choose to deal with entities, companies or individuals which are unlicensed or unregulated.
Visit the BDCB website for information on the dangers of unlicensed financial entities as well as on how to identify financial scams.
