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(Brunei, 21st) Brunei Darussalam Central Bank (BDCB) hereby notifies the public that the BDCB Warning List has been updated.
The BDCB Warning List specifies individuals or companies that are currently not licensed, authorized, or regulated by BDCB. The purpose of publishing this list is to remind the public to remain vigilant and avoid being misled into believing that the individuals listed are licensed, authorized, or regulated by BDCB. The list does not affect any further assessment BDCB may conduct regarding the activities of these individuals.
The bank also notifies the public that the following companies or individuals have been included on the warning list: Finance Freedom Success, GIC Investment, PS by SH / psby_sh (Instagram account) / 'sweetendeavours.bn' (Instagram account) / +673 8916698, as well as XM Trader Brunei Official / XmOfficial / XM Brunei Official / +673 7125523.
The BDCB Warning List can be found on the Brunei Darussalam Central Bank website. The BDCB reminds the public to ensure that they only deal with financial institutions licensed by BDCB, and to avoid any transactions with unlicensed companies or individuals, especially those promoting get-rich-quick or pyramid schemes.
Financial products and services that must be licensed by BDCB include currency exchange, remittance, and loans. BDCB reminds the public that if you transact with unlicensed or unregulated companies or individuals, you will not be protected under BDCB's regulatory framework.
The public may visit the Brunei Darussalam Central Bank website “www.bdcb.gov.bn” or follow BDCB's Instagram account “@centralbank.brunei” for more information on the risks posed by unlicensed financial institutions and how to recognize financial scams.
BDCB is committed to maintaining Brunei's financial stability and safeguarding the interests of Brunei's financial system and consumers. The central bank will continue to proactively monitor any suspicious or unlicensed financial activities within Brunei.
The bank also notifies the public that the following companies or individuals have been included on the warning list: Finance Freedom Success, GIC Investment, PS by SH / psby_sh (Instagram account) / 'sweetendeavours.bn' (Instagram account) / +673 8916698, as well as XM Trader Brunei Official / XmOfficial / XM Brunei Official / +673 7125523.
The BDCB Warning List can be found on the Brunei Darussalam Central Bank website. The BDCB reminds the public to ensure that they only deal with financial institutions licensed by BDCB, and to avoid any transactions with unlicensed companies or individuals, especially those promoting get-rich-quick or pyramid schemes.
Financial products and services that must be licensed by BDCB include currency exchange, remittance, and loans. BDCB reminds the public that if you transact with unlicensed or unregulated companies or individuals, you will not be protected under BDCB's regulatory framework.
The public may visit the Brunei Darussalam Central Bank website “www.bdcb.gov.bn” or follow BDCB's Instagram account “@centralbank.brunei” for more information on the risks posed by unlicensed financial institutions and how to recognize financial scams.
BDCB is committed to maintaining Brunei's financial stability and safeguarding the interests of Brunei's financial system and consumers. The central bank will continue to proactively monitor any suspicious or unlicensed financial activities within Brunei.