Title: Brunei Central Bank Issues Updated Warning on Suspicious Financial Bodies and Websites
The Brunei Darussalam Central Bank (BDCB) has recently released an updated BDCB Alert List comprising individuals, companies, and websites that are not authorized or approved by the central bank and whose activities raise suspicions of illegal financial activities.
Protecting Consumers from Financial Fraud and Scams
This updated list is intended to safeguard consumers from potential financial harm by:
- Enhancing public awareness
- Strengthening financial consumer protection
Unauthorized Entities and Suspicious Activities
Entities included in the latest BDCB Alert List are:
- Unregulated by the central bank
- Could potentially engage in financial activities that contravene the laws of Brunei Darussalam
Ongoing Efforts to Ensure Financial System’s Stability
This updated list is part of the BDCB’s continuous efforts to:
- Ensure financial system stability
- Maintain financial sector integrity
Reporting Suspicious Activities
The public is urged to report any suspicious activities or entities to the BDCB for further investigation.
Warning against Unsolicited Offers
Individuals are cautioned against unsolicited offers for loans or investments, especially those that:
- Promise high returns with little or no risk
Verifying the Legitimacy of Offers
To confirm the legitimacy of offers, it is essential to:
- Verify the authenticity of financial institutions or websites
- Provide personal information and transfer funds only after thorough verification
Central Bank’s commitment to Consumer Protection
The Brunei Darussalam Central Bank is dedicated to:
- Safeguarding consumer interests
- Maintaining the stability and credibility of the financial sector in the country
Staying Informed and Taking Precautions
The public’s active role in prevention can help thwart financial fraud and scams. To remain informed and protected:
- Regularly check the BDCB Alert List on the central bank’s website.
- Contact the BDCB Customer Contact Centre with any inquiries or concerns: 2444668 or info@bdcb.gov.bn