Autoriti Monetari Brunei Darussalam (AMBD) has recently red-flagged Begawan Trading Society and included it into its existing alert list.
The central bank in its latest statement urged members of the public to continue referring to its watchlist so they could be more cautious against unlicensed and illegal financial activities.
The AMBD Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD, or whose activities raise suspicion over illegal financial activity.
The list is compiled without prejudice to any further assessment by AMBD regarding the activities of the companies concerned.
As of November 2018, there were a total of 78 companies included in the central bank’s list.
AMBD in its statement also that it will remain committed to safeguard Brunei’s financial system and ensure financial stability for the interests of consumers.
The central bank assured that it will continue to monitor any suspicious or unlicensed financial activities in the country.
Members of the public who have any information on unlicensed financial activities can contact AMBD at 2380007 or email at firstname.lastname@example.org.