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List of Unlicensed Schemes

 

PRESS RELEASE

LIST OF UNLICENSED SCHEMES

 

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) would like to advise members of the public to be cautious when participating in any scheme that is not licensed under any laws or regulations administered by AMBD.
     
  2. Members of the public are advised that the following entities are not licensed under any laws or regulations administered by AMBD: Dinar Dirham; Zenith Gold; Powergold; Rich World Revolution (RWR); PhytoScience; Mon Space and MFace. 

  3. AMBD would like to remind the public to be careful when participating in any schemes or financial transactions. It is important to check the legitimacy of such individuals or company as well as the inherent risks associated before agreeing into any financial transactions. If the company is based outside of Brunei Darussalam, check with the overseas authority if it is regulated.

  4. AMBD would also like to advise the public to deal only with persons or entities that are regulated by AMBD. Members of the public who choose to deal with unlicensed and unregulated persons offering financial services or products may not have the protection afforded under the regulatory framework administered by AMBD. AMBD's regulatory framework aims to safeguard the interests of investors by ensuring that only competent and qualified persons may provide financial services.

  5. The list of persons and institutions licensed by AMBD may be obtained through the AMBD App, which can be downloaded free of charge on both 'App Store' for iPhone users and 'Google Playstore' for Android users; or visit AMBD's website at http://www.ambd.gov.bn

     
    Autoriti Monetari Brunei Darussalam
    Date: 21 Safar 1438/ 21 November 2016
    Ref No: AMBD/COMMS/3

    Download Malay version here

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