Financial Consumer Alert: List of Unauthorised Companies and Websites
The Bank has updated the Financial Consumer Alert list. The list consists of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BNM. Please take note that the list is not exhaustive and only serves as a guide to members of the public based on information and queries received by BNM. The latest list consists of 271 companies.
Last Updated Date: 07 June 2016
Based on information received by BNM, below is the list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM
Types of scam activities and services offered include:
- Unlicensed activities
- Gold investment (pelaburan emas)
- Forex trading
Avoid these scams and financial products / get rich quickly schemes offered by these Malaysian companies.
Bank Negara Malaysia Central Bank: Financial Consumer Alert: List of unauthorised companies and websites has been updated.
The Bank has updated the Financial Consumer Alert list. The list consists of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BNM. Please take note that the list is not exhaustive and only serves as a guide to members of the public based on information and queries received by BNM. The latest list consists of 302 companies. The following companies were added to the list:
The list will be updated regularly for public’s reference. To view the updated list, click on this link (pdf).
Get the list handy on your smart phones using MyBNM mobile app. Learn more about our mobile apps at the following link: http://www.bnm.gov.my/index.php?lang=en&ch=en_mobileapps
MBI, Mface placed on Bank Negara’s financial alerts
KUALA LUMPUR: MBI International Sdn Bhd and Mface International have been placed on Bank Negara Malaysia’s (BNM) alert list with effect from Monday for unlicensed activities.
According to BNM’s website, both companies were added to to list of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by the central bank.
The list of 302 companies was to alert the members of the public a list of unauthorised and nor approved companies and websites.
MBI International and Mface International have the same website, is which is http://www.mbiv2u.com/
BNM also said the list of companies and websites was not exhaustive and only serves as a guide to members of the public based on information and queries received by BNM.
“The list will be updated regularly for public’s reference,” it said. Click here http://www.bnm.gov.my/index.php?ch=en_financialconsumeralert
Only financial institutions, that is banks, insurance companies and takaful operators as well as money changers, remittance service providers and currency wholesalers (currently known as “the money services business”) licensed by BNM under the relevant laws and regulations administered by BNM are allowed to provide financial services in Malaysia.
Source: The Star Online