Nine individuals, companies, or entities were added to Brunei Darussalam Central Bank’s (BDCB) alert list yesterday, the agency said.
They are: Personal Loans Singapore & Brunei, personal loan_singapore_brunei on Instagram; Online Money Loan Brunei, online_money.loan_brunei with the contact number 8134669; Kim Ong on Facebook; Whale Capital Investment with the contact number +60176858379; FXOPEN Investment, fxopen brunai on Instagram; Goldfx BN; Invetsment_brunei on Instagram; Bank_investasi_goldsaham, Gold Saham Trade Investment; PW-BNTRADE on Instagram with contact number 8220472; and bsntrader_bn.
The BDCB Alert List is a list of 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.brunel for information on the dangers of unlicensed financial entities as well as on how to identify financial scams.
