As of March 2020, Autoriti Monetari Brunei Darussalam (AMBD) included Hans Loan (a Facebook Profile) and MM Yas Sdn Bhd among the list of individuals, companies and websites in the updated AMBD Alert List.
The AMBD Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD or whose activities raise a suspicion of illegal financial activity. The list is without prejudice to further assessment by AMBD regarding the activities of the companies concerned.
To access the Alert List, as well as the list of persons and institutions licensed by AMBD, the public can visit https://www.ambd.gov.bn/Pages/Financial-Consumer-Alert-and-Updates.aspx.
AMBD reminded the public to not deal with any entities or individuals carrying out or offering unlicensed financial services or may be perceived as get-rich-quick schemes or pyramid schemes. Among the products and services that must be licensed by AMBD includes money changer, money remittance and money lenders.
The public may not have the protection under the regulatory framework administered by AMBD when involved in dealing with an unlicensed or unregulated company or individual.
AMBD remains committed to the financial stability of Brunei Darussalam and to safeguard Brunei Darussalam’s financial system as well as the interests of financial consumers. AMBD continues to actively monitor any suspicious or unlicensed financial activities in Brunei Darussalam.
For information on unlicensed financial activities, contact AMBD at 2380007 or email to [email protected]