Preventing scams and fraud
IN 2023, Malaysia experienced a significant escalation in financial scams as evidenced by alarming statistics. The Securities Commission (SC) reported...
Source: thesun.my
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BDCB Alert List updated | Borneo Bulletin Online
The Brunei Darussalam Central Bank (BDCB), in a press statement yesterday, said the BDCB Alert List has been updated. The BDCB Alert List is a list of individuals, companies and websites which are neither authorised nor approved under laws and regulations administered by the BDCB, or whose activities raise suspicion of illegal financial undertakings. The […]
Source: borneobulletin.com.bn
SC charges ex-bank analyst with unlicensed capital market activities
KUALA LUMPUR: The Securities Commission has charged a former bank analyst and business owner with two offences related to unlicensed capital market activities and the misuse of the "unit trust consultant" title.
Source: thestar.com.my
RBI: RBI cracks down on illegal forex trading - The Economic Times
"There would be far more scrutiny by banks on account holders making forex transactions on non-authorised platforms, including apps," said one of the officials who didn't want to be named. "The regulator wants lenders to further ensure that Know Your Customers (KYC) norms for all parties in such transactions are strictly followed."
Source: indiatimes.com
"Earn 200,000%!": Finfluencers hardsell platforms that could land investors a FEMA violation
Influencers are promoting binary-trading platforms that have been blacklisted by the RBI. Apart from attracting penalties, investors also have no legal recourse if things go wrong.
Source: moneycontrol.com