Nine individuals, companies, or entities were added to Brunei Darussalam Central Bank’s (BDCB) alert list yesterday, the agency said.
They are: Ajeed Sky on Facebook with the contact number 8689576; Asia Trader at 7146790; BD_reliableinvestment on Instagram; Binary Financial Brunei; Deals.bn on Instagram with the contact number 7334594; Elizabeth_ruxin_ on Instagram; Family Tech Farm; Pelaburan Syiling Terbaik/Pelaburan Syariah Brunei; and Smart City Brunei.
The BDCB alert list enlists individuals, companies and websites neither authorised nor approved under the laws and regulations administered by BDCB or whose activities raise a suspicion of illegal financial activity.
The list is without prejudice to any further assessment by BDCB regarding the activities of the companies concerned.
The 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 can visit the BDCB website at www.bdcb.gov.bn or follow BDCB’s Instagram @centralbank.brunei for information on the dangers of unlicensed financial entities as well as on how to identify financial scams.
