Malaysia: Bank Negara Malaysia updates Financial Consumer Alert list

| 12 Dec 2017

Your prospects and clients telling you about that "sounds-too-good-to-be-true" investment idea he is pursuing or the impressive company that you have never heard of that she is going to invest her life savings in? It may be a good idea to check against Bank Negara Malaysia's Financial Consumer Alert list.

BNM has updated the list which 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 409 companies.

The following companies were added to the list:

  • Ascada Kiraana Sdn Bhd
  • BSG - Buat.Simpan.Ganda
  • CGC Aquaculture Sdn Bhd
  • XM Forex Malaysia

The list will be updated regularly for public's reference. To view the updated list, click on this link.

Get the list handy on your smart phones using MyBNM mobile app. Learn more about our mobile apps at the following link.

Asia Advisers Network puts you in the know. Connect with us on Facebook and subscribe to our weekly newsletter here.