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Notice Regarding The UFUN Scheme

NOTICE REGARDING THE UFUN SCHEME

Autoriti Monetari Brunei Darussalam (AMBD) would like to highlight to the public regarding recent reports in the media relating to the UFUN scheme.

In Thailand, it has been recently reported that raids and arrests were made on UFUN executives in Thailand over allegations of running a pyramid scam and money laundering. In Malaysia, UFUN does not have authorization or approval to operate and appears in Bank Negara Malaysia’s alert list.

AMBD would like to strongly advise members of the public to only deal with individuals or institutions licensed by AMBD in receiving financial services or obtaining financial products.

List of individuals or institutions licensed by AMBD may be obtained through the following:

AMBD’s website http://www.ambd.gov.bn/regulatory/financial-institutions-directory;

Printed leaflets containing list of institutions licensed by AMBD from AMBD counters; or

AMBD App, which can be downloaded free of charge on both ‘App Store’ for iPhone users and ‘Google Playstore’ for Android users or scan the QR code below.