BDCB Alert List
Brunei Darussalam Central Bank (BDCB) would like to alert the members of the public to a list of persons (i.e. companies and individuals) who, based on information available to BDCB at the time of publication, may be or may have been wrongly perceived as being licensed, authorised or regulated by BDCB.
This list is without prejudice to any further assessment by BDCB regarding the activities of the persons concerned.
Date added to Alert List: 05 Aug 2024
Date updated to Alert List: 05 Aug 2024
Inovation Trading Solutions
Type of Activity
Money Lending
Date added to Alert List: 05 Aug 2024
Date updated to Alert List: 05 Aug 2024
Trade Avita V9
Type of Activity
Any other suspicious and/or unethical activities
Website
https://tradeavita9.com https://the-trade-avita-9.com
Date added to Alert List: 05 Aug 2024
Date updated to Alert List: 05 Aug 2024
@shamfx5557 (TikTok account) / +601162354240
Type of Activity
Any other suspicious and/or unethical activities
Date added to Alert List: 05 Aug 2024
Date updated to Alert List: 05 Aug 2024
BND INV Trade
Type of Activity
Any other suspicious and/or unethical activities
Telegram
@Mohammad_abdulaziz18, @DR_AWANG_ZIKRI / @ABDULLAH_BIN_MOHD_ARIF_Pr / @HussainHaziq78
Date added to Alert List: 05 Aug 2024
Date updated to Alert List: 05 Aug 2024
'@sham5777_official (TikTok account)
Type of Activity
Any other suspicious and/or unethical activities
Mobile
7395777 +886977457775
sham5777.fx
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271 Total number of entities |
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Reminder: Protection under the laws administered by BDCB is not applicable should the members of the public choose to deal with the illegal financial service providers. Members of the public who participate in the illegal financial activities could also BE CHARGED under the law as abetting the operators of such illegal activities. Any knowledge of potential illegal/ unlicensed financial activities being carried out in Brunei Darussalam should be forwarded to BDCB. Should you fall prey to a financial scam, please report in to the Royal Brunei Police Force (RBPF) at your nearest Police Station or call 993. |
The BDCB Alert List was created to inform the public about entities that are suspicious, or not licensed or regulated by BDCB. Entities offering regulated financial activities* must be licensed by BDCB. This is to protect Brunei Darussalam's financial system, as well as financial consumers.
*such as dealing with currency options, money changing, money lending, money remittance and providing financial investments.
Purpose of the Alert List
- To inform and remind the public against participating in any unlicensed financial schemes.
- To advise members of the public against making any deposits or investments with persons that are not regulated under the relevant laws.
- To provide early warning to consumers by highlighting to them that if they choose to deal with an unregulated entity, they do not have all the protection afforded under the relevant laws.
- To remind the public to conduct the necessary checks with the relevant authorities.
Benefits of Dealing with Licensed Financial Institutions
- Protected by Laws of Brunei Darussalam.
- Assurance that you are dealing with qualified professionals and experts.
- Can seek BDCB's assistance if you suspect any misconduct by licensed financial institutions.
Only banks, insurance companies, takaful operators, capital market and securities institutions, money changers, remittance service providers, as well as other entities and approved payment system operators under the relevant laws and regulations administered by BDCB are allowed to provide financial services in Brunei Darussalam.
The list of the licensed financial service providers can be accessed here
Consequences
- Protection under the laws administered by BDCB is not applicable should the members of the public choose to deal with illegal financial service providers.
- Members of the public participating in illegal financial activities could also be charged under the law.
Thus, members of the public are advised not to
- Deal with any of illegal financial service providers.
- Reveal or disclose personal financial credentials to any illegal financial service providers.
- Make any deposit or investment with individuals and entities that are not regulated under the relevant laws.
Should you fall victim to a financial scam, please lodge a report to the Royal Brunei Police Force at the nearest police station or call 993.
You are also advised to alert BDCB on any illegal or suspicious activities or entities:
fci[at]bdcb[dot]gov[dot]bn
You may also walk-in to BDCB's office at:
Financial Consumer IssuesBrunei Darussalam Central Bank
Level 7, Ministry of Finance and Economy Building
Commonwealth Drive
Bandar Seri Begawan, BB3910
Brunei Darussalam
Among the illegal financial activities that may be reported to BDCB are:
Carrying out regulated activities that require a licence from BDCB without such licence.
Operating a recognised market without authorisation. For example, payment system providers/operators.
Using BDCB's name, symbol, design, or representation without prior written permission from BDCB. This also applies to misusing BDCB's name, symbol, design, or representation with the intention of deceiving or confusing others.
Cloning activity of a regulated and/or licensed entity.
Suspicious activities that contain elements of get-rich-quick schemes/pyramid/ponzi schemes or phishing schemes.
Recognise the signs of financial scams!
Financial scams often offer high returns, with little to no risk within a short period of time.
They often disguise themselves as Multi Level Marketing (MLM), but without any clear product offering. Instead, they focus on recruitment of members, where their membership fees are used to create income or returns for early members.
Financial scams may ask for you to come up with several payments to claim your rewards. For example, in the case of investment scams, victims are told to pay a processing fee before they can obtain their money in lump sum.
Make sure you only deal with licensed financial institutions.
Click here to find the list of licensed financial institutions.
Click here for the BDCB Alert List. This is a list of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BDCB or whose activities raise a suspicion of illegal activity.
Download BDCB’s app where you can search for entities to check whether they are licensed or not.
Never reveal your bank details to any unauthorised or unknown persons!
Some scammers may impersonate bank officers or staff, and will ask for your bank details. Make sure you do not reveal your bank details to people you do not know.
Members of the public are advised to be careful and not fall prey to these schemes. Be alert and look out for the following common features of these illegal schemes:
- They may approach you via mail, telephone, internet, or in person, with the intention of taking money from you for goods or services that they have no intention to provide.
- They may promise high returns aimed to attract the members of the public to participate in the schemes
- You may not be given copies of any documentation including agreements on the investment.
- No assurance that they can continue to pay the high returns.
Note: These financial scams will fail eventually when there are no new deposits being continually received by them. At such time, they will collapse and the depositors or investors will lose their investments.
Should you fall victim to a financial scam, please lodge a report to the Royal Brunei Police Force at the nearest police station or call 993.
You are also advised to alert BDCB on any illegal or suspicious activities or entities:
fci[at]bdcb[dot]gov[dot]bn
You may also walk-in to BDCB's office at:
Financial Consumer IssuesBrunei Darussalam Central Bank
Level 7, Ministry of Finance and Economy Building
Commonwealth Drive
Bandar Seri Begawan, BB3910
Brunei Darussalam